USACALos Angeles505 S Chicago St
Listing image | Image 1

505 S Chicago St, Los Angeles, CA

House

For Sale

Listed price in listed location currency (USD).
$995,000

1055

MLS® 26849701

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 4902 sqft
Garage 
Taxes 
Days Active 0
Lot Size 0.1714 Acres
Approx. Age 1905
Avg. Price Per Sqft $202
MLS® Number 26849701

Property Address: 505 S Chicago St, LOS ANGELES, CA, 90033-4313

Average square foot calculated using Size range provided by listing agent.

Description

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 and 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.
MLS® Number26849701
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1905
Basement
DrivewayPrivate
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 19, 2026List Date
$995,000List Price
  • Commute

Commute

Starting Address
Destination Address
505 S Chicago St, Los Angeles, CA

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