# 505 S Chicago St, Los Angeles, CA 90033

> **TL;DR:** 10bd/5ba residential multi family, $995,000 ($203/sqft), built 1905, 4,902 sqft. Est. $4,312/mo. Listed 6 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $995,000 |
| Price/sqft | $203 |
| Bedrooms | 10 |
| Bathrooms | 8 full |
| Square Feet | 4,902 |
| Year Built | 1905 |
| Lot Size | 7,466 sqft (0.17 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 6 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,312 |
| **Total** | **$4,312** |

## Property Highlights

- Built in 1905
- 0.17 acre lot
- 2 stories
- 5 parking spaces

## Description

### Agent 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

- **Address:** 505 S Chicago St, Los Angeles, CA 90033
- **County:** Los Angeles
- **Coordinates:** 34.040108, -118.215648
- **Google Maps:** https://www.google.com/maps?q=34.040108,-118.215648

## Listing Agent

- **Name:** Davis Saadian
- **Brokerage:** Keller Williams Hollywood Hills
- **Phone:** 3104028958
- **Email:** davis@saadiangroup.com

## Primary Photo

![505 S Chicago St - Primary Photo](http://lh.rdcpix.com/126a83e61994ee9d4f4a653c8a92a582l-f697780306r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/505-s-chicago-st-los-angeles-ca-90033-26849701)*

---

**MLS#:** 26849701 | **Updated:** 2026-06-24
**Source:** listhub

*Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/505-s-chicago-st-los-angeles-ca-90033-26849701)

---

## Structured Data

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