Customer Care

505 S Chicago Street, Los Angeles, CA 90033

$995,000 Approx. USD 10 beds, 5 baths
4,902 sqft

Save My Notes

MORE INFO

Brochure

Marketed By

Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to one of our real estate professionals. By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Listing Agent

Davis Saadian | davis@saadiangroup.com
Lic#: 01921748
Broker: Courtesy of Keller Williams Hollywood Hills
Phone: 310-402-8958

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26849701

Price: $995,000

Beds: 10

Baths: 5

Built in 1905

4,902 sqft

2 stories

0.17 acres

Lot size: 0.1714

County: Los Angeles

Zoning: LARD1.5

Appliances: Refrigerator,Dryer,Washer

Parking description: Private

MLS area: BOYH - Boyle Heights

Last Updated: 6/27/2026

Days On Market (DOM): 27

Find more Los Angeles homes and real estate

Find more homes in 90033 zip code

This listing belongs to the BOYH - Boyle Heights MLS area

Lat/Long: 34.040108, -118.215648.
Find nearby listings

Mortgage Calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90033 Area Map

Demographics

Schools