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+15628247399
Meridian Real Estate & Investments
442 S Chicago, Los Angeles, CA 90033
- $948,000
- List Price
- $948,000
- Status
- ACTIVE
- MLS#
- OC26241269
- Year Built
- 1968
- Lot Size
- 8,066
- Acres
- 0.19
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 2
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
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.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $161,400
- Operating Expense
- 23250
Listing courtesy of Listing Agent: Linh Tran (Linh@Meridox.com) from Listing Office: Meridox Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.