Six-Unit Apartment
442 S Chicago, Los Angeles, CA 90033
For Sale
New
$948,000
Resident laundry facilities and assigned on-site parking support day-to-day operations.
Property Size4,991 SF
Lot Size0.19 Acres
Price / SF$189.94
Days on Market5
Property Features for 442 S Chicago
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Tenant in Place
Amenities
laundry room
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Meridox Real Estate
Listed By:
Linh Tran · License CA #01520128
(760) 929-1956
Source:
Milsteinestates
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 9:28AM
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 Meridox Real Estate
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 4,991 square feet on an 8,066-square-foot lot. Its six residences comprise one three-bedroom, two-bath unit, three two-bedroom, one-bath units, and two one-bedroom, one-bath units. A dedicated laundry room serves residents, and the property was built in 1968.
On-site parking totals six spaces: four covered and two uncovered, all assigned. Units 1 and 4 are scheduled to be vacant at closing; the other residences are occupied. The property is in Los Angeles, near Downtown Los Angeles, shopping, dining, major freeways, and public transportation.
On-site parking totals six spaces: four covered and two uncovered, all assigned. Units 1 and 4 are scheduled to be vacant at closing; the other residences are occupied. The property is in Los Angeles, near Downtown Los Angeles, shopping, dining, major freeways, and public transportation.
Key Highlights
- Six apartments in a two‑story building with 4,991 square feet of area
- Unit mix: one 3‑bedroom/2‑bath, three 2‑bedroom/1‑bath, and two 1‑bedroom/1‑bath residences
- 8,066‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,309
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,180
$1.6M
Cap Rate 7%
$1,147,271
$1.1M
Cap Rate 9%
$892,322
$892.3K
Market Conditions
NOI Build-Up for 4,991 SF
Gross rent
$158.7K $31.80/SF
− Vacancy
−$12.7K −$2.54/SF
EGI
$146.0K $29.26/SF
− OpEx
−$65.7K −$13.17/SF
NOI
$80.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,180
Cap Rate 7%
$1,147,271
Cap Rate 9%
$892,322
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,309 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,866 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,082
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
$669,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Resident laundry facilities and assigned on-site parking support day-to-day operations.
Where is this apartment building located?
The property is located at 442 S Chicago Los Angeles, CA.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: Six apartments in a two‑story building with 4,991 square feet of area; Unit mix: one 3‑bedroom/2‑bath, three 2‑bedroom/1‑bath, and two 1‑bedroom/1‑bath residences; 8,066‑square‑foot lot
