505 S Chicago Street, Los Angeles, CA 90033

Local realty services provided by:Better Homes and Gardens Real Estate Champions
505 S Chicago Street,Los Angeles, CA 90033
$1,000,000
  • 10 Beds
  • 5 Baths
  • 4,902 sq. ft.
  • Multi-family
  • Active
Listed by:davis saadian
Office:keller williams hollywood hills
MLS#:25509003
Source:CRMLS

Price summary

  • Price:$1,000,000
  • Price per sq. ft.:$204

About this home

We are pleased to offer for sale this five (5) unit multifamily investment opportunity located at 505 S. Chicago Street, in Boyle Heights. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 4,902 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 2+1.5 units, and two (2) 2+1 units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, five (5) on-site parking spaces, and individually metered for gas and electricity. Current gross income is $7,130/month, priced at a current at a 6.5% cap rate and 11.5x GRM. There's approximately 50% upside in potential rents. Given the location, attractive local area amenities, and potential to

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Home facts

  • Year built:1905
  • Listing ID #:25509003
  • Added:214 day(s) ago
  • Updated:September 26, 2025 at 10:46 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Living area:4,902 sq. ft.

Structure and exterior

  • Year built:1905
  • Building area:4,902 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,000,000
  • Price per sq. ft.:$204
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