229 N Chicago St, Los Angeles, CA 90033
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229 N Chicago St Los Angeles, CA 90033

$1,050,000 Sold Price as of 12/30/2022
  • 6 Beds
  • 3 Baths
  • 2,862 Sq.Ft.
Sold
$1,050,000 Sold Price as of 12/30/2022 Refinance Your Mortgage

Map preview of 229 N Chicago St, Los Angeles, CA 90033

Property Overview: 229 N Chicago St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,862 living square feet and 9,047 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming craftsman character property for both owner-users and investors with HUGE basement. Large flat lot zoned for additional units in the very up and coming Boyle Heights area, just one block south of Cesar Chavez Ave with a ton of shops and t. Currently three units –only the studio is tenant occupied. Front house is a large 3-bedroom home full of character (could easily be used as a 4-bedroom), with high ceilings (a bit higher than 9.5 feet) and perfect for an owner’s unit. It has a great floor plan with large rooms, a living room with fireplace, a formal dining room and breakfast nook with a charming leaded glass bay window. The studio unit is attached to the main house with a kitchenette and bathroom (no photos of this unit). The back unit is detached with 2 bedrooms, a large living room and laundry room. The exterior is adorned with beautiful woodwork which further enhances the character of the property. There is a large flat open space behind the back unit, perfect for a yard space, extra parking or maybe more units. There is a huge basement that spans almost the entire footprint of the front structure. Many of the windows have been replaced with newer double paned windows. The electrical and plumbing were updated about 25 years ago. There are two electrical meters and two gas meters. Zoned R4, might be able to build up to 11 units on this property, buyer to investigate and verify with the city.

Listed by Alexander Gingrich | BRE #01797428 | Dilbeck Real Estate
Last checked: 10 minutes ago | Last updated: January 4th, 2023 | Source CRMLS | DOM: 81

Home details

Lot Sq. Ft
9,047
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PF22177308
City
Los Angeles
County
Los Angeles
Time on Site
638 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $500
  • Total Rent: $500
  • Pro Forma/Market Rent: $800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.97
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $53,500
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $18,500
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $800
  • Insurance: $2,500
  • Water/Sewer: $1,200

Virtual Tour

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Property Details for 229 N Chicago St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Room Information
  • Flooring: Carpet, Tile
  • Basement, Formal Entry, Kitchen, Laundry, Living Room
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Granite Counters, High Ceilings
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Has Fence
  • Masonry
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Back Yard, Front Yard, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5183002018
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Foundation Details: Concrete Perimeter, Raised
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: East on E Cesar Chavez Ave, then right on Chicago St.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 229 N Chicago St

Last sold for $1,050,000 on December 30th, 2022
  • December, 2022

  • Dec 30, 2022

    Date

    Sold

    CRMLS: PF22177308

    $1,050,000

    Price

  • Aug 11, 2022

    Date

    Active

    CRMLS: PF22177308

    $1,150,000

    Price

  • December, 2022

  • Dec 30, 2022

    Date

    Sold

    CRMLS: PF22177818

    $1,050,000

    Price

  • Aug 11, 2022

    Date

    Active

    CRMLS: PF22177818

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Charming craftsman character property with 2 additional guest units, perfect for rental income, with HUGE basement. Great for both owner-users and investors. Large flat lot zoned for additional units in the very up and coming Boyle Heights area, just one block south of Cesar Chavez Ave with a ton of shops and restaurants. Currently three units –only the studio is tenant occupied. Front house is a large 3-bedroom home full of character (could easily be used as a 4-bedroom), with high ceilings (a bit higher than 9.5 feet) and perfect for an owner’s unit. It has a great floor plan with large rooms, a living room with fireplace, a formal dining room and breakfast nook with a charming leaded glass bay window. The studio unit is attached to the main house with a kitchenette and bathroom (no photos of this unit). The back unit is detached with 2 bedrooms, a large living room and laundry room. The exterior is adorned with beautiful woodwork which further enhances the character of the property. There is a large flat open space behind the back unit, perfect for a yard space, extra parking or maybe more units. There is a huge basement that spans almost the entire footprint of the front structure. Many of the windows have been replaced with newer double pane windows. The electrical and plumbing were updated about 25 years ago. There are two electrical meters and two gas meters. Zoned R4, might be able to build up to 11 units on this property, buyer to investigate and verify with the city.

Show More

Tax History for 229 N Chicago St

Assessed Value (2020): $226,280
Year Land Value Improved Value Assessed Value
2020 $126,283 $99,997 $226,280

Home Value Compared to the Market

This property vs the competition

229 N Chicago St sold on December 30, 2022 for 11.85% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $366.53 per/sqft which puts the price per square foot 51.45% lower than the current median sale per square foot for the city of Los Angeles.

About 229 N Chicago St

Detailed summary of property

229 N Chicago St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 2,862 living square feet, and sits on an approximately 9,047 square foot lot. 229 N Chicago St was first listed on ArdentRealEstateGroup.com on August 12, 2022. The homeowner sold the property for $1,050,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.85% lower than the current median priced home. Local homes that are currently for sale include 631 S Evergreen Ave, 2641 Pomeroy Ave and 3035 Winter St. While the average home in Los Angeles, CA is selling in 93 days, 229 N Chicago St has a days on market of 81 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 229 N Chicago St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 229 N Chicago St

Public county record property details
Beds
5
Baths
2
Year built
1908
Sq. Ft.
2,862
Lot Size
9,046
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5183-002-018

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$800,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
11
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.