Five-Unit Apartment
For Sale
$995,000
505 S Chicago St, Los Angeles, CA 90033
MULTI_FAMILY - Los Angeles, CA
Property Size4,902 SF
Lot Size0.17 Acres
Price / SF$202.98
Days on Market48
Property Features for 505 S Chicago St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
10
Bathrooms
5
Full bathrooms
8
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 8, Bedroom 7, Bedroom 9, Bedroom 1, Bedroom 10, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 8, Bedroom 3, Bedroom 5, Bedroom 6
Parking
5
Directions
505 S. Chicago Street | Los Angeles, CA 90033
Subdivision
Boyle Heights
Standard status
Active
APN
5183-019-014
Size
4,902 SF
Lot size
0.17 Acres
Building Details
Year built
1905
Floors in Building
2
Number of units
5
Listing Agency:
Keller Williams Hollywood Hills · Keller Williams Realty
(310) 623-1300
Listed By:
Davis Saadian · License #01921748
(310) 402-8958
Added: Jun 19
Changed: Aug 1
Last Checked: Aug 5 at 9:06AM
MLS# 26849701
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-unit apartment building at 505 S. Chicago St consists of two separate two-story wood-frame and stucco structures on a raised foundation. Built in 1905, the property includes approximately 4,902 SF of living space on a 7,500 SF lot. The unit mix features three 2-bed / 1.5-bath units and two 2-bed / 1-bath units.
The property is 100% occupied and is subject to the City of Los Angeles Rent Stabilization Ordinance. It also has five on-site parking spaces and individual gas and electric metering.
Current gross income is $7,642 per month, with a 7.0% cap rate and 10.8x GRM. Additional upside is noted as approximately 50% in potential rents.
The property is 100% occupied and is subject to the City of Los Angeles Rent Stabilization Ordinance. It also has five on-site parking spaces and individual gas and electric metering.
Current gross income is $7,642 per month, with a 7.0% cap rate and 10.8x GRM. Additional upside is noted as approximately 50% in potential rents.
Key Highlights
- Five‑unit apartment building with three 2‑bed / 1.5‑bath units and two 2‑bed / 1‑bath units
- Two separate two‑story wood‑frame and stucco structures on a raised foundation
- Built in 1905; approx. 4,902 SF on a 7,500 SF lot
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit building in LARD1.5 zoning, built in 1905, 100% occupied and governed by Los Angeles Rent Stabilization Ordinance.
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 apartment building with three 2‑bed / 1.5‑bath units and two 2‑bed / 1‑bath units; Two separate two‑story wood‑frame and stucco structures on a raised foundation; Built in 1905; approx. 4,902 SF on a 7,500 SF lot
