445 Chicago St Los Angeles, CA 90033-4311
Property profile & analytics
445 Chicago St Los Angeles, CA 90033-4311
- Apartment buildings
- 5,576 SF
- 0.17 lot acres
Property ID
US09-7441912
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 445 Chicago St
- Year built
- 1926
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 5,576 SF
- Zone code
- LARD1.5
- Property type
- Apartment buildings
- APN
- 5183-018-027
- APU
- 5183018027
Description
This exceptional 6-unit apartment complex presents a compelling value-add opportunity in Los Angeles's Boyle Heights neighborhood. Situated on a 7,527 sq ft lot, the property comprises two 2-story buildings totaling 5,576 net rentable square feet, built in 1926 & 1927 and renovated in 2024. The property features six spacious 1-bedroom, 1-bathroom units, with four including dens. Five off-street parking spaces are available. Currently, occupancy is at 83%, with a projected 10.02% pro-forma cap rate and $140,214 pro-forma NOI. One recently renovated unit, featuring in-unit amenities like a washer/dryer, dishwasher, and air conditioning, is currently vacant. The remaining five units provide immediate income. The property's location offers easy access to the Arts District and Downtown Los Angeles via the recently completed 6th Street Bridge, and benefits from its location in a Tier 3 Transit-Oriented Communities (TOC) zone, potentially allowing for future unit expansion (buyer to verify). The asking price is $1,399,000, representing a price per square foot of $250.90 and a price per unit of $233,167. The current NOI is $35,441. This property offers significant upside potential due to its below replacement cost pricing and high potential for rental income growth, making it an ideal investment for both investors and owner-users seeking long-term appreciation in a thriving Los Angeles community. The property is offered fee simple and has an APN of 5183-018-027. The permitted zoning is RD1.5-1-CUGU.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $960,000
- ML approach
- $975,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,125,000 Current use
- INDUSTRIAL (GENERAL)
- $1,580,000 Change: +40% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.215
- Latitude
- 34.0406
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,686
$527,521
$600,432
$1,127,953
-
$0.00
$0.00
$0.00
