505 S Chicago Street, Los Angeles, CA 90033

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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:166 day(s) ago
  • Updated:August 24, 2025 at 01:13 PM

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
Based on information from California Regional Multiple Listing Service, Inc. as of August 24, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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