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505 S Chicago St, Los Angeles, CA 90033

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For Sale

$1,000,000

10 beds • 4,902 sqft

Estimated Payment

$ 5,125 /mo. †

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $204.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 two (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 spacious floor plans, five (5) on-site parking spaces, and individually metered for gas and electricity. Current gross income is $7,130/month, priced at a current at a 6.5% cap rate and 11.5x GRM. There's approximately 50% upside in potential rents. Given the location, attractive local area amenities, and potential to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique premier property in the attractive Boyle Heights submarket that will provide exponential returns.
MLS# 25509003

Courtesy Of Keller Williams Santa Monica

(310) 482-2200

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.17 Acres

Map and Directions

Directions to 505 S Chicago St, Los Angeles, CA 90033

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(562) 863-2121
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $5,125
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $5,125

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Breed Street Elementary School

Grades KG-6 Public School

Los Angeles, CA 90033 0.2 miles
2226 e 3rd st

317 total students
19:1 Student teacher ratio

School Rating: D+

School Details

Theodore Roosevelt High School

Grades 9-12 Public School

Los Angeles, CA 90033 0.3 miles
456 s mathews st

1452 total students
20:1 Student teacher ratio

School Rating: C+

School Details

Felicitas & Gonzalo Mendez High School

Grades 9-12 Public School

Los Angeles, CA 90033 0.9 miles
1200 plaza del sol st

958 total students
18:1 Student teacher ratio

School Rating: C

School Details

Boyle Heights Stem High School

Grades 9-12 Public School

Los Angeles, CA 90023 0.4 miles
2550 e 6th st

159 total students
12:1 Student teacher ratio

School Rating: B+

School Details
Other Nearby Schools Distance Type Grades School Rating
St Mary School 0.1 miles Private KG-8
Extera Public 0.2 miles Public KG-8 D+
Puente Charter 0.3 miles Public KG-3 C+
Siatech Academy South 0.3 miles Public 10-12
Math, Science, & Technology Magnet Academy At Roosevelt High School 0.3 miles Public 9-12 A-
Boyle Heights Continuation 0.3 miles Public 9-12 D-
Hollenbeck Middle School 0.3 miles Public 6-8 C
2nd Street Elementary School 0.3 miles Public KG-6 B
School Of Santa Isabel 0.5 miles Private KG-8
Dolores Mission Elementary School 0.6 miles Private KG-8
Soto Street Elementary School 0.6 miles Public KG-6 C-
Our Lady Of Talpa School 0.6 miles Private PK-8
1st Street Elementary 0.7 miles Public PK-6 B
Kipp Los Angeles College Preparatory 0.7 miles Public 5-8 A-
White Memorial Adventist School 0.8 miles Private KG-8
Kipp Promesa Preparatory 0.8 miles Public KG-4 B
Euclid Avenue Elementary School 0.8 miles Public KG-5 C-

St Mary School

Distance: 0.1 miles

Type Private

Grades: KG-8

Extera Public

Distance: 0.2 miles

Type Public

Grades: KG-8

D+

Puente Charter

Distance: 0.3 miles

Type Public

Grades: KG-3

C+

Siatech Academy South

Distance: 0.3 miles

Type Public

Grades: 10-12

Math, Science, & Technology Magnet Academy At Roosevelt High School

Distance: 0.3 miles

Type Public

Grades: 9-12

A-

Boyle Heights Continuation

Distance: 0.3 miles

Type Public

Grades: 9-12

D-

Hollenbeck Middle School

Distance: 0.3 miles

Type Public

Grades: 6-8

C

2nd Street Elementary School

Distance: 0.3 miles

Type Public

Grades: KG-6

B

School Of Santa Isabel

Distance: 0.5 miles

Type Private

Grades: KG-8

Dolores Mission Elementary School

Distance: 0.6 miles

Type Private

Grades: KG-8

Soto Street Elementary School

Distance: 0.6 miles

Type Public

Grades: KG-6

C-

Our Lady Of Talpa School

Distance: 0.6 miles

Type Private

Grades: PK-8

1st Street Elementary

Distance: 0.7 miles

Type Public

Grades: PK-6

B

Kipp Los Angeles College Preparatory

Distance: 0.7 miles

Type Public

Grades: 5-8

A-

White Memorial Adventist School

Distance: 0.8 miles

Type Private

Grades: KG-8

Kipp Promesa Preparatory

Distance: 0.8 miles

Type Public

Grades: KG-4

B

Euclid Avenue Elementary School

Distance: 0.8 miles

Type Public

Grades: KG-5

C-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Los Angeles, CA 90033

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Los Angeles, CA 90033

This community’s employment is highest in the healthcare practitioners and administrative support industries. The area’s overall household expenses are below the national average.

85° August
Hottest Average Month
45° January
Coldest Average Month
12,156 Total Households in Area
-3.1% Increase in population since the year 2010
40.2%
of households
have children
32 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Los Angeles, CA 90033

Los Angeles, CA 90033 has a population of 43,446 people in 12,156 households with a median age of 35.4 years old.

-3.1%
Decrease in population
since the year 2010
Population is Trending down
12,889
Total households as of 2010
0.1%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 35.4 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

Hispanic 87%
Other 58%
White 14%
Asian 5%
Native American 3%
Black 2%
The most prevalent ethnicity is Hispanic at 87%, followed by Other at 58%, White at 14%, and Asian at 5%.

Economics
for Los Angeles, CA 90033

13,275 /sq mi
Population Density
$46,501 /yr
Median Household Income
$837,500
Median Sales Price
32 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 19.4% of the households.

Transportation to Work

  • Drive 77%
  • Public Transit 11%
  • Work from Home 7%
  • Walk or Bike 6%

Occupancy by Type

Rented 9,531 74%
Owned 2,625 20%
Vacant 672 5%

White vs Blue Collar Jobs







White Collar 56%
Blue Collar 44%

Family & Education Facts
for Los Angeles, CA 90033

35.4 Median Age

Average Household Size

3.4
persons per
household

36.3%

Married Households

Community Population By Education

Some High School 45%
High School Graduate 24%
Some College 13%
Bachelors Degree 11%
Graduate Degree 4%
Associates Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is Some High School, representing 44.51% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
40.2% of households have children

Weather
for Los Angeles, CA 90033

The weather for this area ranges from a high of 85° F in August to a low of 45° F in January

85° August
Hottest Average Month
45° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
45°
67°
Feb
47°
68°
Mar
48°
69°
Apr
51°
73°
May
55°
75°
Jun
58°
79°
Jul
61°
84°
Aug
62°
85°
Sep
60°
84°
Oct
56°
79°
Nov
50°
73°
Dec
46°
68°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being 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. Information being 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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