$1,125,000 Price Analysis   ♡   Los Angeles, CA 90033 10 bed 5 bath 4,902 SqFt ($229/SqFt) 7,465SqFt lot. Built 1905 Listed 2024-04-03, Taxes $10,551 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to offer for sale this five (5)
Unit multifamily investment opportunity located at 505 S. Chicago Street, in Boyle Heights. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 4, 902 on a 7, 500-square foot lot.
The building has been reinforced and upgraded in compliance with the latest city codes and regulations and is comprised of a remarkable unit mix, consisting of three (3) 2+1.5 units and t wo (2) 2+1 units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts big floor plans, fiv (5) on-site parking spaces and individually metered for gas and electricity.
Presented by Davis Saadian at
Carolwood Estates.
Property MLS #24-375637 from TheMLSCLAW
Full Bathrooms: 5
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7465
Calculated Total Monthly Association Fees: 0
Number of Units: 5
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2500, 2 BedsTotal: 2, 2 BathsTotal: 1.5, 2 SquareFeet: 2500, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 2500, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2500, 5 BedsTotal: 2, 5 BathsTotal: 1.5, 5 SquareFeet: 2500
County: Los Angeles
Cap Rate: 5.58
Directions: 505 S. Chicago Street, Los Angeles, CA 90033
Source Property Type: Residential Income
Area: Boyle Heights
Source Neighborhood: Boyle Heights
Parcel Number: 5183-019-014
Postal Code Plus 4: 4313
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $459,330 + $382,774 $842,104 | $10,551 |
| 2021 | $450,324 + $375,269 $825,593 | $10,401 |
| 2020 | $445,707 + $371,422 $817,129 | $10,499 |
| 2019 | $436,968 + $364,140 $801,108 | $10,100 |
| 2018 | $428,400 + $357,000 $785,400 | $9,931 |
| 2017 | $420,000 + $350,000 $770,000 | $10,490 |
| 2016 | $48,772 + $28,469 $77,241 | $1,381 |
| 2015 | $48,040 + $28,042 $76,082 | $1,367 |
| 2014 | $47,099 + $27,493 $74,592 | $1,407 |
| 2013 | $46,887 + $27,369 $74,256 | $1,407 |
| 2012 | $45,968 + $26,833 $72,801 | $1,425 |
| 2010 | $45,067 + $26,307 $71,374 | $1,633 |
| 2009 | $44,838 + $26,174 $71,012 | $1,586 |
| 2009 | $44,731 + $26,111 $70,842 | $1,586 |
| 2008 | $43,959 + $25,661 $69,620 | $1,549 |
| 2007 | $43,098 + $25,158 $68,256 | $1,487 |
$1,125,000
TheMLSCLAW
Sold 2016-12-13
$770,000
Public Record
Listing removed 2016-09-16
$825,000
TheMLSCLAW
Price Changed 2016-08-12
$825,000
TheMLSCLAW
Price Changed 2016-08-01
$875,000
TheMLSCLAW
Listed 2016-06-21
$899,000
TheMLSCLAW
Sold 2016-05-04
$970,000
Public Record
Year Built: 1905
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 119
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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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.