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Image 1 - 505 S Chicago St, Los Angeles, California, 90033 - House for sale
Image 2 - 505 S Chicago St, Los Angeles, California, 90033 - House for sale
Image 3 - 505 S Chicago St, Los Angeles, California, 90033 - House for sale
Image 4 - 505 S Chicago St, Los Angeles, California, 90033 - House for sale
Image 5 - 505 S Chicago St, Los Angeles, California, 90033 - House for sale
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Home For Sale In Los Angeles, California
505 S Chicago St, Los Angeles, California, 90033

Home For Sale In Los Angeles, California

house for sale
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Listed: 04/08/24

505 S Chicago St, Los Angeles, California, 90033

10 Bed:
5 Bath:
4,902 Sq Ft Living Area:
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Price
$ 1,13M

About This House

We are pleased to offer for sale this five (5) unit multifamily investment opportunity located at505 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 of4, 902on a7, 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.

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Boyle Heights Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.