Multi-Family for sale in Southern California — $995,000. 10 beds · 5 baths · 4,902 sqft. 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 si…
$995,000
505 S Chicago Street, Los Angeles, CA 90033
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.
Listing updated: June 27, 2026 at 12:19 AM
Listed by: Davis Saadian, Keller Williams Hollywood Hills
Source: CRMLS, MLS#: 26849701, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/19/2026 Source: CRMLS, #26849701 | Listed for sale | $995,000$203/sqft |
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