Multifamily Land With Alley
For Sale
$555,000
Pending
1140 N Chicago St, Los Angeles, CA 90033
Covered multifamily site with alley access, occupied by tenants and positioned across major medical campuses.
Property Size5,758 SF
Days on Market282
Property Features for 1140 N Chicago St
General Information
Standard status
Pending
Size
5,758 SF
Property subtype
Multi Family
Building Details
Year Built
1923
Tenancy
Multi
Listing Agency:
Ally Commercial Real Estate
(818) 941-2990
Listed By:
Rickird Rey Ramirez · License #01964882
(818) 941-2990
Source:
Exitrealty
Added: Nov 5, 2025
Changed: Aug 8
Last Checked: Jul 23 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ally Commercial Real Estate
Investment Insights
Based on property information with market context.
The property consists of approximately 5,758 square feet of covered land on N Chicago St North, currently occupied with low-paying tenants. The site includes alley access, supporting a variety of redevelopment or repositioning approaches for an owner-user or investor.
The location places the property directly across the street from the USC Health Sciences Campus and the Los Angeles General Medical Center within the East LA/Boyle Heights submarket. The remarks also note strong accessibility for travel to and from the DTLA area.
For buyers considering development, the site’s placement in the new SB 79 Tier-2 zone is highlighted as a factor that may support additional density, with the buyer instructed to verify all development assumptions. The current tenant occupancy may also be relevant for investors evaluating near-term holding versus redevelopment timelines, while the alley access can be an important practical consideration for future site planning.
The location places the property directly across the street from the USC Health Sciences Campus and the Los Angeles General Medical Center within the East LA/Boyle Heights submarket. The remarks also note strong accessibility for travel to and from the DTLA area.
For buyers considering development, the site’s placement in the new SB 79 Tier-2 zone is highlighted as a factor that may support additional density, with the buyer instructed to verify all development assumptions. The current tenant occupancy may also be relevant for investors evaluating near-term holding versus redevelopment timelines, while the alley access can be an important practical consideration for future site planning.
Key Highlights
- 5,758 sq ft covered multifamily site with alley access
- Year built 1923
- Currently occupied with tenants described as low‑paying
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Covered multifamily site with alley access, occupied by tenants and positioned across major medical campuses.
Where is this apartment building located?
The property is located at 1140 N Chicago St Los Angeles, CA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: 5,758 sq ft covered multifamily site with alley access; Year built 1923; Currently occupied with tenants described as low‑paying
