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    1140 N Chicago St Los Angeles, CA 90033

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    For Sale
    $555,000

    5,758 SF land with development potential near USC campus.

    Lot size:
    0.13 Acres

    Property Features for 1140 N Chicago St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1923

    Source: Ally Commercial Real Estate Agent Rickird Rey Ramirez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Land Near USC Campus

    This property features 5,758 square feet of land on Chicago Street North in Los Angeles. It is located across the street from the USC Health Sciences Campus and the Los Angeles General Medical Center in the East LA/Boyle Heights submarket, offering accessibility outside of Downtown Los Angeles. The site is located in the new SB 79 Tier-2 zone, which may allow for increased density, although buyers should verify this. The lot has alley access. The property is currently occupied by tenants.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2053
    Latitude
    34.05701

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    FAQs

    What type of property is this?
    Commercial land - 5,758 SF land with development potential near USC campus.
    Where is this commercial land 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: - Prime location across from USC Health Sciences Campus and Los Angeles General Medical Center.; - Strong development potential in a rapidly growing neighborhood.; - Located in new SB 79 Tier-2 zone allowing for considerable more density (buyer to verify).
    (818) 941-2990
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    1140 N Chicago St Los Angeles, CA 90033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1140 N Chicago St Los Angeles, CA 90033
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