Five-Unit Multifamily
For Sale
$995,000
505 S Chicago St, Los Angeles, CA 90033
Two-story multifamily asset with separate structures, on-site parking, and individually metered gas and electric service.
Property Size4,902 SF
Lot Size0.17 Acres
Price / SF$202.98
Days on Market120
Property Features for 505 S Chicago St
General Information
Standard status
Active
Size
4,902 SF
Total Parking Spaces
5
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Financials
Cap Rate
7%
Gross Income
$91,704
Gross Rent Multiplier
10.8
Units
Unit Mix
3 x 2BR/1.5BA, 2 x 2BR/1BA
Multifamily Units
5
Additional Details
Utilities to Site
Yes
Building Details
Building Size
4,902 SF
Year Built
1905
Buildings
2
Construction
wood-frame and stucco
Listing Agency:
Keller Williams Hollywood Hills
Listed By:
Davis Saadian · License #01921748
(310) 402-8958
Source:
Milsteinestates
Added: Jun 19
Changed: Oct 10
Last Checked: Oct 15 at 6:44AM
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 Keller Williams Hollywood Hills
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Investment Insights
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This multifamily property comprises two separate two-story buildings with wood-frame and stucco construction on a raised foundation. The improvements provide 4,902 square feet of living space on a 7,500-square-foot lot and contain five units, each with a two-bedroom layout. The unit mix includes three apartments with 1.5 baths and two with one bath. Originally completed in 1905, the property has been reinforced and upgraded to comply with current city codes and regulations.
The asset is located in Boyle Heights and is subject to the City of Los Angeles Rent Stabilization Ordinance. All five units are occupied, and the property includes five on-site parking spaces. Individual gas and electric metering serves the apartments. The combination of separate structures, established unit configuration, parking, and documented building upgrades provides a clear physical profile for multifamily ownership.
The asset is located in Boyle Heights and is subject to the City of Los Angeles Rent Stabilization Ordinance. All five units are occupied, and the property includes five on-site parking spaces. Individual gas and electric metering serves the apartments. The combination of separate structures, established unit configuration, parking, and documented building upgrades provides a clear physical profile for multifamily ownership.
Key Highlights
- Five‑unit property with three 2‑bed/1.5‑bath apartments and two 2‑bed/1‑bath apartments
- 4,902 SF of living space on a 7,500 SF lot
- Two separate two‑story wood‑frame and stucco structures
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily asset with separate structures, on-site parking, and individually metered gas and electric service.
Where is this apartment building located?
The property is located at 505 S Chicago St Los Angeles, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Five‑unit property with three 2‑bed/1.5‑bath apartments and two 2‑bed/1‑bath apartments; 4,902 SF of living space on a 7,500 SF lot; Two separate two‑story wood‑frame and stucco structures
