25 days on rocket

505 S Chicago St, Los Angeles, CA, 90033

$1,125,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
5 Baths
4,902 SqFt
$230/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

505 S Chicago St, Los Angeles$1,125,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
Year Built1905
MLS #24375637
Lot Size0.17 Acres
StatusActive

About 505 S Chicago St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1905
  • Stories: 2
  • Living Area: 4,902 SqFt

Listing Office:

  • Office Name: Carolwood Estates
  • Office Phone: (310) 623-3600
  • Listing Agent: Davis Saadian

Interior Features

Interior Information:

  • Appliances: Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

School Info

Assigned Schools Information:

  • School of Communications, New Media and Technology at Roosevelt High School, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Hollenbeck Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Breed Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: 505 S. Chicago Street, Los Angeles, CA 90033

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,125,000
  • Price Per SqFt: $230/SqFt

Tax Information:

  • Annual Amount: $10,402
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

505 S Chicago St vs Los Angeles

25 DAYS ON ROCKET

-9 Days

$1,125,000

+$149K More

$230/SqFt

-$398 Less

KEY TAKEAWAY

This property is $149K more than the Median Sold Price and $398/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24375637

Listing Office:

  • Office Name: Carolwood Estates
  • Office Phone: (310) 623-3600
  • Listing Agent: Davis Saadian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 3:25:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 13, 2016Home Sold
$770,000
May 04, 2016Home Sold
$970,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,402$825,593
2020$10,100$817,129
2019$9,931$801,108
2018$10,490$785,400
2017$10,490$770,000

History based on county public records data.

Payment Calculator

$5,682

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,439

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3199845
4
/10

  • Breed Street Elementary School

  • 2226 E 3rd St

  • 0.23 miles

  • Public District Grades KG-6

school-card-donut-3199846
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 8.04 miles

  • Public Magnet Grades KG-6

school-card-donut-3199847
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 22.92 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3199848
6
/10

  • Hollenbeck Middle School

  • 2510 E 6th St

  • 0.28 miles

  • Public Magnet Grades 6-8

school-card-donut-3199849
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.61 miles

  • Public District Grades 6-8

High School

school-card-donut-3199850
2
/10

  • School of Communications, New Media and Technology at Roosevelt High School

  • 456 S Mathews St

  • 0.27 miles

  • Public District Grades 9-12

school-card-donut-3199851
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 0.27 miles

  • Public Magnet Grades 9-12

school-card-donut-3199852
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 19.43 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,500. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 S Chicago St

What is the listing price of this property?

The listing price of 505 S Chicago St property is $1,125,000.

What type of property is this?

The property 505 S Chicago St is a house located in Los Angeles, California, 90033.

Is this property for sale now?

Active Listing: 505 S Chicago St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 S Chicago St are:
Breed Street Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Hollenbeck Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
School of Communications, New Media and Technology at Roosevelt High School: GreatSchools Rating 2/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,402 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 13, 2016 for $770,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 S Chicago St has 10 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 505 S Chicago St is 4,902 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 S Chicago St is 1905.

Rocket Homes›California›Los Angeles County›Los Angeles›90033›505 S Chicago St

This home is located at 505 S Chicago St in Los Angeles, CA and zip code 90033 in the Boyle Heights neighborhood. This 4,902 square foot home, which was built in 1905, sits on a 0.17 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $1,125,000.

Los Angeles, CA housing market in March 2024 saw over 628 listings sold above listed price, more than 196 sold at listed price and over 579 sold below. The inventory of homes for sale in Los Angeles, CA between February 2024 and March 2024 increased by 10.8%. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.

From Rocket Homes Real Estate and based on county public records data.

More Resources