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    244 N Chicago St Los Angeles, CA 90033

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    For Sale
    $1,288,000

    Four-unit property near Downtown Los Angeles with diverse construction dates.

    Lot size:
    0.21 Acres

    Property Features for 244 N Chicago St

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1901

    Source: CAL BEST REALTY Agent EMI TERAUCHI

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

    Overview

    Fourplex Near Downtown Los Angeles

    This fourplex property features two buildings on a large lot. The front building contains two units: one with two bedrooms and two bathrooms, constructed in 1901, and another with two bedrooms and one bathroom, built in 1985. The rear building, constructed in 2017, houses two units, each with two bedrooms and one bathroom located on the second level, with carport parking underneath. Additional parking spaces are available at the back of the building. Situated near Downtown Los Angeles, the property offers convenient access to major freeways. This property can be owner-occupied with rental income from the other units, or utilized as a full investment property.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -118.2105
    Latitude
    34.0473

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near Downtown Los Angeles with diverse construction dates.
    Where is this quadplex located?
    The property is located at 244 N Chicago St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,288,000.
    What are key features of this property?
    This property features: - Fourplex property suitable for owner-occupancy or full investment.; - Located near Downtown Los Angeles with easy freeway access.; - Newer building (built in 2017) with two 2-bedroom/1-bath units.
    (626) 786-9086
    Request Owner's contact information
    244 N Chicago St Los Angeles, CA 90033
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    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
    244 N Chicago St Los Angeles, CA 90033
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