505 S Chicago Street, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:ERA Excel Realty
505 S Chicago Street,Los Angeles, CA 90033
$995,000
  • 10 Beds
  • 5 Baths
  • 4,902 sq. ft.
  • Multi-family
  • Active
Listed by: davis saadian
Office: keller williams hollywood hills310-623-1300
MLS#:26849701
Source:CRMLS

Price summary

  • Price:$995,000
  • Price per sq. ft.:$202.98

About this home

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....

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Home facts

  • Year built:1905
  • Listing ID #:26849701
  • Added:1 day(s) ago
  • Updated:June 19, 2026 at 08:28 PM

Rooms and interior

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

Structure and exterior

  • Year built:1905
  • Building area:4,902 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$202.98

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:5
  • Parking description:Private
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