Active

505 S Chicago Street

Los Angeles, CA 90033
Mark as Favorite
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 : Residential Income

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 Bedrooms: 10

    Bathroom Information

    Total Baths: 5 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Refrigerator,Dryer,Washer

  • Building Information

    Year Built: 1905 Building Area Total: 4,902

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1714
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7465

  • Listing Price Information

    Original List Price: 995,000 Listing Contract Date: 2026-06-19
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5183019014

  • Garage and Parking

    Garage Description: Private

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: BOYH - Boyle Heights Postal Code Plus 4: 4313 Directions: 505 S. Chicago Street | Los Angeles, CA 90033 Zoning: LARD1.5 Source Property Type: Residential Income Area: BOYH - Boyle Heights
  • Building and Construction

    Property Age: 121 Year Built Source: Vendor Enhanced Total Square Feet Living: 4902 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

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1517 Ricardo, Los Angeles, CA, 90033 $975,000 2 1 794 794 SqFt
1034 Evergreen Avenue, Los Angeles, CA, 90033 $425,000 2 1 689 689 SqFt
2711 Wabash Avenue, Los Angeles, CA, 90033 $730,000 5 -- 1,273 1,273 SqFt
2532 1/2 Ganahl Street, Los Angeles, CA, 90033 $399,000 2 2 850 850 SqFt
2440 Wabash Avenue, Los Angeles, CA, 90033 $795,000 5 -- 2,756 2,756 SqFt
1151 1153 Cornwell Street, Los Angeles, CA, 90033 $1,170,000 -- -- 3,682 3,682 SqFt
2505 Malabar Street, Los Angeles, CA, 90033 $1,200,000 10 -- 4,974 4,974 SqFt
2447 Malabar Street, Los Angeles, CA, 90033 $1,100,000 -- -- 2,810 2,810 SqFt

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ByOwner last updated this listing 06/21/2026 @ 20:21

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

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