505 S Chicago St, Los Angeles, CA 90033
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505 S Chicago St, Los Angeles, CA 90033
505 S Chicago St, Los Angeles, CA 90033
505 S Chicago St, Los Angeles, CA 90033
505 S Chicago St, Los Angeles, CA 90033
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Marshall Dismuke

Marshall Dismuke

+1(562) 502-0448
$ 995,000
Est. payment /mo
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505 S Chicago St Los Angeles, CA 90033

10 Beds

5 Baths

4,902 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,902 sqft

Price per Sqft $202

MLS Listing ID 26849701

Bedrooms 10

Year Built 1905

Lot Size 7,465 Sqft

Acres 0.1714

Property Sub-Type Multi-Family

Property Description

We are pleased to present 505 S. Chicago Street, a five (5) unit multifamily investment opportunity in the heart of Boyle Heights. Comprised of two separate two-story structures, this wood-frame and stucco building sits on a raised foundation and offers 4,902 SF of living space on a 7,500 SF lot. Originally built in 1905, the property has been reinforced and upgraded to comply with the latest city codes and regulations, giving a new owner a well-maintained asset with lasting character. The building features a strong unit mix of three 2-bed / 1.5-bath units and two 2-bed / 1-bath units, all with spacious floor plans. The property is 100% occupied and subject to the City of Los Angeles Rent Stabilization Ordinance. Additional features include five on-site parking spaces and individual gas and electric metering, keeping operating costs low for ownership. Current gross income is $7,642 per month, priced at a 7.0% cap rate and 10.8x GRM, with approximately 50% upside in potential rents. With its prime location, attractive local amenities, and significant room to grow rental income, this is a rare opportunity to acquire a premier, income-producing asset in one of LA's most dynamic and appreciating submarkets.

Location

State CA

County Los Angeles

Area Boyle Heights

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Dryer, Other, Range/Oven, Refrigerator, Washer

Exterior

Parking Features Other, Private

Garage Spaces 5.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Hollywood Hills
Marshall Dismuke

Marshall Dismuke

+1(562) 502-0448

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505 S Chicago St