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$ 948,000
Est. payment /mo
New
442 S Chicago Los Angeles, CA 90033
8 Beds
5 Baths
8,066 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26241269
Bedrooms 8
Lot Size 8,066 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
**SIX-UNIT MULTIFAMILY INVESTMENT | BOYLE HEIGHTS | BUYER OPPORTUNITY!** Positioned in an established Los Angeles neighborhood, 442 S. Chicago Street presents an opportunity for investors looking to acquire and transform a multifamily asset with long-term income potential. Offered at $948,000, this two-story property features approximately 4,991 square feet of building area on an 8,066-square-foot lot, with a diverse unit mix consisting of one 3-bedroom/2-bath unit, three 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. Additional amenities include six on-site parking spaces, comprised of four covered and two uncovered assigned spaces, along with a dedicated laundry room for tenant use. Units 1 and 4 will be delivered vacant at closing, providing an opportunity for renovations and the establishment of new rental income, while the remaining occupied residences provide an existing tenant base. Conveniently located near Downtown Los Angeles, major freeways, shopping, dining, and public transportation. With an asking price of approximately $158,000 per unit and $190 per building square foot, this property offers investors a compelling acquisition basis for a renovation and repositioning project.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Between East 4th St and East 6th St
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5183017023
Acceptable Financing Cash
Listing Terms Cash
Listed by Linh Tran, DRE#01520128 Meridox Real Estate
NEARBY SCHOOL & BUSINESS