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$1,600,000   Price Analysis
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244 N Chicago St
Los Angeles, CA 90033
8 bed 5 bath 3,741 SqFt ($427/SqFt)
9,001SqFt lot. Built 1901
Listed 2024-07-18, Taxes $9,768
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Great rental location with huge lot with two building

Front building consist of 2 units, front unit 2 bedrooms and 2 baths built in 1901 and rear unit 2 bed rooms and 2 baths built in 1985. Back building consist of 2 units built in 2017, 2 bedrooms and 1 bath each on the 2nd level with parking carport underneath.

Extra parking spaces on the back of the bulding. Property located near Downtown Los Angeles and has easy access to major freeways. This fourplex allow you to live in one unit and income from other units or maximize it as a full investment property.


Presented by Emi Terauchi at
Cal Best Realty.


Property MLS #WS24134098 from CRMLS

Bedrooms: 8

All Bedrooms Up

Laundry Features: In Garage

Full Bathrooms: 5

Fireplace Features: Dining Room, Kitchen, Living Room, Electric, Gas

Flooring: Wood

Lot Description: Lot 6500-9999, Paved
Lot Size Acres: 0.2066345
Lot Size Source: Assessor
Lot Size Square Feet: 9001

Garage Spaces: 4
Parking Features: Parking YN: Yes, Parking Features: Assigned, Carport
Parking Total: 4

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1

Calculated Total Monthly Association Fees: 0

Tenant Pays: All Utilities
Vacancy Allowance: 4229
Rent Control: Yes

Community Features: Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 3389.00
Area: BOYH - Boyle Heights
Source Neighborhood: BOYH - Boyle Heights
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 5183003024
Postal Code Plus 4: 2907
Trash Expense: 2456.00
Zoning: LAR4
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$514,070 + $267,595
$781,665
$9,768
2021$503,991 + $262,349
$766,340
$9,635
2020$498,824 + $259,659
$758,483
$9,727
2019$489,044 + $254,568
$743,612
$9,356
2018$170,165 + $249,577
$419,742
$5,309
2017$166,829 + $244,684
$411,513
$5,182
2016$163,558 + $239,887
$403,445
$5,051
2015$161,102 + $236,284
$397,386
$4,980
2014$157,947 + $231,656
$389,603
$5,004
2013$157,234 + $230,610
$387,844
$5,004
2012$154,151 + $226,089
$380,240
$5,070
2010$151,129 + $221,656
$372,785
$1,170
2009$50,585 + $27,583
$78,168
$1,131
2009$50,465 + $27,517
$77,982
$1,131
2008$49,594 + $27,043
$76,637
$1,092
2007$48,622 + $26,513
$75,135
$1,048

Listed 2024-07-18
$1,600,000
CRMLS
Listing removed 2024-05-07
$0
CRMLS
Listed 2024-02-03
$1,300,000
CRMLS
Sold 2010-02-26
$370,000
Public Record
Listing removed 2010-02-15
$385,000
CRMLS
Relisted 2010-02-10
$385,000
CRMLS
Listing removed 2009-12-19
$379,000
CRMLS
Listed 2009-11-09
$379,000
CRMLS
Listing removed 2009-11-07
$399,000
TheMLSCLAW
Price Changed 2009-10-18
$399,000
TheMLSCLAW
Listed 2009-08-08
$425,000
TheMLSCLAW

Net Operating Income: 61388.20

Total Square Feet Living: 3741
Year Built: 1901
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: North
Property Age: 123
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Quadruplex
Year Built Source: Assessor

Electric: Standard
Electric Expense: 1200.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1200.00
Natural Gas Available
Sewer Available
Sewer Connected
Water Available
Water Source: Public

Sheridan Street Elementary School is a public elementary school located approximately 0.3 miles away.
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Hollenbeck Middle School is a public middle school located approximately 0.7 miles away.
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St. Mary Catholic Elementary School is a private elementary and middle school located approximately 0.5 miles away.
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Math, Science, & Technology Magnet Academy At Roosevelt High is a public high school located approximately 0.6 miles away.
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Theodore Roosevelt Senior High is a public high school located approximately 0.6 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.