Five-Unit Multifamily with Parking

505 S Chicago St, Los Angeles, CA 90033

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New

For Sale

$995,000

MULTI_FAMILY - Los Angeles, CA

Property size:

4,902 SF

Lot size:

0.17 Acres

Price / SF:

$202/SF

HighLights

5‑unit multifamily property built in 1905, made up of two separate two‑story wood‑frame and stucco structures
4,902 SF of living space on a 7,500 SF lot
Unit mix of three 2BD/1.5BA units and two 2BD/1BA units
100% occupied and subject to the City of Los Angeles Rent Stabilization Ordinance
Five on‑site parking spaces with individual gas and electric metering for each unit
Current gross income of $7,642/month priced at a 7.0% cap rate and 10.8x GRM

We can help!

Listing Contact

Davis Saadian

For Sale

$995,000

MULTI_FAMILY - Los Angeles, CA

Property size:

4,902 SF

Lot size:

0.17 Acres

Price / SF:

$202/SF

Added:: Jun 19, 2026
Days on Market:: 2
Last Refresh:: Jun 20 at 6:06 am

Property Features for 505 S Chicago St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: LARD1.5
Bedrooms: 10
Bathrooms: 5
Rooms: Bedroom 5, Bedroom 3, Bedroom 10, Bedroom 9, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 7, Bathroom 5, Bedroom 8, Bathroom 3, Bedroom 6, Bathroom 6, Bathroom 1, Bathroom 8, Bathroom 4, Bathroom 2
Parking: 5
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

We can help!

Listing Contact

Davis Saadian

Listing agent Davis Saadian License #01921748

Listing office Keller Williams Hollywood Hills 9000 Sunset Blvd. Suite 1100, West Hollywood, CA

Listing date Jun 19, 2026

MLS# 26849701 Listing URL

HighLights

5‑unit multifamily property built in 1905, made up of two separate two‑story wood‑frame and stucco structures
4,902 SF of living space on a 7,500 SF lot
Unit mix of three 2BD/1.5BA units and two 2BD/1BA units
100% occupied and subject to the City of Los Angeles Rent Stabilization Ordinance
Five on‑site parking spaces with individual gas and electric metering for each unit
Current gross income of $7,642/month priced at a 7.0% cap rate and 10.8x GRM

Overview

Offered for sale, 505 S. Chicago St. is a five-unit multifamily property comprised of two separate two-story wood-frame and stucco structures on a raised foundation. The building was originally constructed in 1905 and has been reinforced and upgraded to comply with the latest city codes and regulations. Total living area is 4,902 square feet on a 7,500 square foot lot. The unit mix includes three 2-bedroom, 1.5-bath units and two 2-bedroom, 1-bath units.

The property is 100% occupied and is subject to the City of Los Angeles Rent Stabilization Ordinance. There are five on-site parking spaces, and each unit has individual gas and electric metering.

The current gross income is $7,642 per month, and the asking price reflects a 7.0% cap rate and 10.8x GRM. The property is positioned under residential income zoning (LARD1.5), providing a straightforward fit for owners seeking a small multifamily asset with stable occupancy, parking on site, and independently metered utilities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.215648
Latitude: 34.040108

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For sale
Apartment buildings
CA
Los Angeles
90033
505 S Chicago St

What type of property is this?

Apartment building - Five-unit wood-frame multifamily subject to LA rent stabilization, fully occupied with individual gas and electric metering.

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: 5‑unit multifamily property built in 1905, made up of two separate two‑story wood‑frame and stucco structures; 4,902 SF of living space on a 7,500 SF lot; Unit mix of three 2BD/1.5BA units and two 2BD/1BA units

505 S Chicago St, Los Angeles, CA 90033

MULTI_FAMILY - Los Angeles, CA

Property Features for 505 S Chicago St

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Los Angeles Commercial Investment Opportunity

Los Angeles Retail Opportunity

Prime Automotive Land in Los Angeles

Los Angeles Industrial Owner-User Opportunity

Eagle Rock Commercial/Residential Opportunity

Modern Triplex with Duplex and Rear Unit

Multifamily Property in Boyle Heights

Seven-Unit Multifamily Property

Fourplex with In-Unit Laundry

Renovated Residential Income Property

Triplex with Dedicated Parking Yards

6-Unit Apartment Campus with ADU Plans

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