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

$3,025,000
  • 6 Beds
  • 22 Baths
  • 13,440 Sq.Ft.
For Sale
$3,025,000 Get Pre-Qualified
Map preview of 234 N Chicago St, Los Angeles, CA 90033

Property Overview: 234 N Chicago St Los Angeles, CA has 6 bedrooms, 22 bathrooms, 13,440 living square feet and 9,004 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great opportunity to buy 22 units in Boyle Heights. There is an assumable loan of $1,760,000 at 3.325% fixed until July 2026. The building is separately metered for electricity and master metered for gas.

Listed by Henry Garcia | BRE #01303784 | Real Broker
Last checked: 12 minutes ago | Last updated: August 30th, 2024 | Source CRMLS | DOM: 56

Home details

Lot Sq. Ft
9,004
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24418837
City
Los Angeles
County
Los Angeles
Time on Site
57 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 22
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $818
  • Total Rent: $1,636
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 14
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,384
  • Total Rent: $19,379
  • Pro Forma/Market Rent: $29,848
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,607
  • Total Rent: $9,642
  • Pro Forma/Market Rent: $14,442
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.15%
  • Gross Rent Multiplier: 8.17
  • Gross Scheduled Income: --
  • Net Operating Income: $216,408
  • Gross Operating Income: $359,020
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 234 N Chicago St

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Property Details for 234 N Chicago St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 22
  • Parcel Number: 5183003022
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From the 5 freeway Southbound, exit State St. Make a left a Cesar Chavez and right on Chicago St.
View more facts & features

Local Los Angeles Agent

Sale History for 234 N Chicago St

Last sold for $1,945,000 on February 11th, 2016

  • July, 2024

  • Jul 23, 2024

    Date

    Active

    CRMLS: 24418837

    $3,025,000

    Price

  • February, 2016

  • Feb 11, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,945,000

    Price

  • April, 2004

  • Apr 15, 2004

    Date

    Sold (Public Records)

    Public Records

    $830,000

    Price

Show More

Tax History for 234 N Chicago St

Assessed Value (2020): $2,108,164
Year Land Value Improved Value Assessed Value
2020 $865,945 $1,242,219 $2,108,164

Home Value Compared to the Market

This property vs the competition

234 N Chicago St is listed 152.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $225.07 per/sqft which puts the price per square foot 70.69% lower than the median price per square foot for the city of Los Angeles.

About 234 N Chicago St

Detailed summary of property

234 N Chicago St is a multi family located in Los Angeles, CA 90033 and is currently for sale. This multi family property offers 6 bedrooms, 22 bathrooms, roughly 13,440 living square feet, and sits on an approximately 9,004 square foot lot. 234 N Chicago St was first listed on ArdentRealEstateGroup.com on July 23, 2024. The homeowner is currently asking $3,025,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 152.08% higher than the median priced home. Local competing homes currently for sale include 234 N Burlington Ave, 429 S Union Ave and 2140 Lemoyne St. While the average home in Los Angeles, CA is selling in 106 days, 234 N Chicago St has a days on market of 56 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 234 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 234 N Chicago St

Public county record property details
Beds
8
Baths
20
Year built
1928
Sq. Ft.
13,440
Lot Size
9,001
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
76
APN
5183-003-022

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
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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.

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