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705 Chicago Street

Los Angeles, CA 90023

$950,000 Sale Price
Est. Payment: $ 0/mo
5
Bed
0
Bath
3,135 Sq. Ft.
$311 / Sq. Ft.
Sold

705 Chicago Street

Los Angeles, CA 90023

Sold
$950,000 Sale Price
$0/mo
5
Bed
0
Bath
3,135
Sq. Ft.
1 /
Turnkey 5 unit rental property in Boyle Heights built in 1912 with a four-unit main building and one apartment above a two car garage at rear of property. Rear apartment is not occupied and being renovated in March 2024. Seller financing available at competitive rates with high down payment. All apartments are 1 bedroom, 1 bath for a total count of 5 bedrooms, 5 bathrooms. Building square footage of 3,135 and property is 5,719 square feet. No unpermitted construction, no open permits or inspection issues with the city. All tenants in good standing with no unpaid rents or Covid moratorium issues. Registered as a 5 unit property with the LAHD. Strong rental market with 20% upside in rents. Tenants enjoy easy access to transportation, shopping and easy access to Downtown LA. Unit mix - 4 large studio apartments in main building and 1 bedroom, 1 bath at rear building. The main building has 4 entrances in the front, upstairs apartments are accessed via private stairwells and most units have laundry hookups. The rear building, constructed in 1923, is accessed from the backyard area. Listing agent has an ownership interest in the subject property and is acting as a principal. Boyle Heights is experiencing renewed interest from home buyers and the surrounding block has seen a number of owners renovating. The new 6th Street Bridge provides exceptional access to Downtown Los Angeles, the Arts District and Little Tokyo.
PROPERTY INFORMATION
MLS # P1-15332 Lot Size 5,719 Sq. Ft.
HOA Fees $0/Monthly Property Type Apartment
Price $ 975,000
Price Per SqFt: $ 311
DOM 576 Days
Address 705 Chicago Street Type Residential Income
City Los Angeles Sq.Ft. 3,135 Sq. Ft.
Postal Code 90023 Garage 2
County Los Angeles Year Built 1912
Bed / Bath 5 / 0 Parking 2
Built In 1912 Status Closed
Sold Date 2024-05-31
INTERIOR FEATURES
Has Laundry No
Laundry Information None
Has Fireplace No
Fireplace Information None
Has Appliances No
Kitchen Appliances None
Has Heating Yes
Heating Information Natural Gas
Has Cooling No
Cooling Information None
Entry Level 12
Has Spa No
SpaDescription None
EXTERIOR FEATURES
Roof Shingle
Has Pool Yes
Pool See Remarks
Has Fence Yes
Fencing Chain Link, Wood
WALKSCORE
  Walk Score: 81 (Very Walkable)
  Transit Score: 66 (Good Transit)
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,040
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
10/06/2023 Listed $975,000
Topfind Realty

Topfind Realty

REALTOR®

(844)-333-8033

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Listing provided courtesy of Adam Bray-Ali, Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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