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

$1,390,000
  • 8 Beds
  • 5.5 Baths
  • 3,741 Sq.Ft.
For Sale
$1,390,000 Get Pre-Qualified
Map preview of 244 N Chicago St, Los Angeles, CA 90033

Property Overview: 244 N Chicago St Los Angeles, CA has 8 bedrooms, 5.5 bathrooms, 3,741 living square feet and 9,001 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 rental location with huge lot with two building, front building consist of 2 units, front unit 2 bedrooms & 2 baths built in 1901 and rear unit 2 bedrooms & 2 baths built in 1985. Back building consist of 2 units built in 2017, 2 bedrooms & 1 bath each on the 2nd level with parking carport underneath. Extra parking spaces on the back of the building. Property located near Downtown Los Angeles and has easy access to major freeways. This fourplex allow you to live in one unit and income from other units or maximize it as a full investment property.

Listed by EMI TERAUCHI | BRE #00810238 | CAL BEST REALTY
Last checked: 3 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 54

Home details

Lot Sq. Ft
9,001
HOA Dues
$0/mo
Year built
1901
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
WS24134098
City
Los Angeles
County
Los Angeles
Time on Site
63 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,538
  • Total Rent: $1,538
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,410
  • Total Rent: $1,410
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $84,583
  • Net Operating Income: $61,388
  • Gross Operating Income: --
  • Vacancy Allowance: $4,229
Annual Expense Breakdown
  • Total Operating Expense: $23,195
  • Electric: $1,200
  • Gas/Fuel: $120
  • Trash: $2,456
  • Insurance: $3,389
  • Water/Sewer: $1,200

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Property Details for 244 N Chicago St

Interior Features
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Dining Room, Kitchen, Living Room, Electric, Gas
Room Information
  • Flooring: Wood
  • All Bedrooms Up
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Carport
Lot Information
  • Lot Features: Lot 6500-9999, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5183003024
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Available, Sewer Available, Sewer Connected, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Cesar E. Chavez
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 244 N Chicago St

Last sold for $370,000 on February 26th, 2010

  • July, 2024

  • Jul 17, 2024

    Date

    Active

    CRMLS: WS24134098

    $1,600,000

    Price

  • June, 2024

  • Jun 10, 2024

    Date

    Canceled

    CRMLS: WS24016162

    $1,300,000

    Price

  • Feb 2, 2024

    Date

    Active

    CRMLS: WS24016162

    $13,000,000

    Price

  • Listing provided courtesy of CRMLS

    Great rental location with huge lot. Two building on the lot. Front building has 2 bed 2 baths year built in 1901 and 1985, front and back each. Rear building is 2 units built in 2017 2 bedrooms and 1 bath each on the 2nd level with parking carport underneath. Extra parking spaces on the back of the building. Property is located close to Downtown Los Angeles and has easy access to major freeways. This fourplex allows you to live in one unit and come income from the others or to maximize it as a full investment property.

  • February, 2010

  • Feb 26, 2010

    Date

    Sold (Public Records)

    Public Records

    $370,000

    Price

Show More

Tax History for 244 N Chicago St

Assessed Value (2020): $758,483
Year Land Value Improved Value Assessed Value
2020 $259,659 $498,824 $758,483

Home Value Compared to the Market

This property vs the competition

244 N Chicago St is listed 15.83% 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 $371.56 per/sqft which puts the price per square foot 51.62% lower than the median price per square foot for the city of Los Angeles.

About 244 N Chicago St

Detailed summary of property

244 N Chicago St is a fourplex located in Los Angeles, CA 90033 and is currently for sale. This fourplex offers 8 bedrooms, 5.5 bathrooms, roughly 3,741 living square feet, and sits on an approximately 9,001 square foot lot. 244 N Chicago St was first listed on ArdentRealEstateGroup.com on July 18, 2024. The homeowner is currently asking $1,390,000 and was originally asking $1,600,000. 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 15.83% higher than the median priced home. Local competing homes currently for sale include 2828 E Lanfranco St, 2737 Pomeroy Ave and 1441 Murchison St. While the average home in Los Angeles, CA is selling in 106 days, 244 N Chicago St has a days on market of 54 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 244 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 244 N Chicago St

Public county record property details
Beds
8
Baths
4
Year built
1901
Sq. Ft.
3,741
Lot Size
8,998
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
78
APN
5183-003-024

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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