Listing provided courtesy of Davis Saadian of Carolwood Estates. Last updated 2024-05-19 08:11:42.000000. Listing information © 2023 CRMLS.
Asking Price: $1,125,000
505 Chicago, Los Angeles CA 90033
Community: BOYH - Boyle Heights
Status: Active
This property was built in 1905 and is priced at $1,125,000. Please see the additional details below.
We are pleased to offer for sale this five (5) unit multifamily investment opportunity located at 505 S. Chicago Street, in Boyle Heights. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 4,902 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 2+1.5 units, and two (2) 2+1 units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, five (5) on-site parking spaces, and individually metered for gas and electricity.