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505 S Chicago Street

Los Angeles, CA 90033
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Bed 10

Bed

Bath 0

Bath

SqFt4,902

Sqft

SqFt7,465

Sqft(Lot)

We are pleased to present 505 S. Chicago Street, a five (5) unit multifamily investment opportunity in the heart of Boyle Heights. Comprised of two separate two-story structures, this wood-frame and stucco building sits on a raised foundation and offers 4,902 SF of living space on a 7,500 SF lot. Originally built in 1905, the property has been reinforced and upgraded to comply with the latest city codes and regulations, giving a new owner a well-maintained asset with lasting character. The building features a strong unit mix of three 2-bed / 1.5-bath units and two 2-bed / 1-bath units, all with spacious floor plans. The property is 100% occupied and subject to the City of Los Angeles Rent Stabilization Ordinance. Additional features include five on-site parking spaces and individual gas an d electric metering, keeping operating costs low for ownership. Current gross income is $7,642 per month, priced at a 7.0% cap rate and 10.8x GRM, with approximately 50% upside in potential rents. With its prime location, attractive local amenities, and significant room to grow rental income, this is a rare opportunity to acquire a premier, income-producing asset in one of LA's most dynamic and appreciating submarkets.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $995,000

AD Id : 85503490

MLS Id : 26849701

Beds : 10

Lot Size : 7,465 Sqft

Living Area Size : 4,902

Year Built : 1905

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 5
  • Interior Features

    Appliances: Refrigerator, Dryer, Washer

  • Building Information

    Year Built: 1905
    Building Area Total: 4902
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 7465 Lot Size Acres: 0.1714 Lot Size Square Feet: 7,465

  • Listing Price Information

    Listing Price: $995000

  • Tax Information

    Parcel Number: 5183019014

  • Location Information

    Direction: 505 S. Chicago Street | Los Angeles, CA 90033
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1440 Tremont, Los Angeles, CA, 90033 $1,288,000 -- -- 4,836 4,836 SqFt
1517 Ricardo, Los Angeles, CA, 90033 $975,000 2 1 794 794 SqFt
1450 Ricardo #1450, Los Angeles, CA, 90033 $449,000 2 1 800 800 SqFt
2746 Wabash Avenue, Los Angeles, CA, 90033 $790,000 5 4 2,249 2,249 SqFt
2532 1/2 Ganahl Street, Los Angeles, CA, 90033 $399,000 2 2 850 850 SqFt
2530 Ganahl, Los Angeles, CA, 90033 $1,549,000 8 8 3,360 3,360 SqFt
2440 Wabash Avenue, Los Angeles, CA, 90033 $745,000 5 5 2,756 2,756 SqFt
2853 Cincinnati Street, Los Angeles, CA, 90033 $2,292,000 18 15 7,168 7,168 SqFt
1151 1153 Cornwell Street, Los Angeles, CA, 90033 $1,170,000 -- -- 3,682 3,682 SqFt
2427 Houston, Los Angeles, CA, 90033 $1,049,000 1 1 --

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/12/2026 @ 11:43

MLS: 26849701 LISTED BY: Davis Saadian, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS

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