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1140 Chicago St 2 Unit Apartment Building $555,000 ($277,500/Unit) Los Angeles, CA 90033
EXECUTIVE SUMMARY
This prime 5,758 sq ft covered land on Chicago St North, Los Angeles, presents a rare opportunity for developers, investors, and/or owner-users. Situated in a high-demand area, the property offers strong development potential in a rapidly growing neighborhood. Property is currently occupied with low paying tenants. Lot does have alley access.
Located right across the the street from USC Health Sciences Campus and the Los Angeles General Medical Center in the East LA/Boyle Heights submarket. The site benefits from excellent accessibility right outside DTLA. Its strategic position, now amplified with being in the new SB 79 Tier-2 zone should allow for considerable more density on the site, buyer to verify.
Located right across the the street from USC Health Sciences Campus and the Los Angeles General Medical Center in the East LA/Boyle Heights submarket. The site benefits from excellent accessibility right outside DTLA. Its strategic position, now amplified with being in the new SB 79 Tier-2 zone should allow for considerable more density on the site, buyer to verify.
PROPERTY FACTS
| Price | $555,000 | Building Class | C |
| Price Per Unit | $277,500 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 1,036 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 - LAR3 Tier 2 TOC SB 79 Tier 2 | ||
| Price | $555,000 |
| Price Per Unit | $277,500 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 1,036 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - LAR3 Tier 2 TOC SB 79 Tier 2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Smoke Detector
1 1
Walk Score®
Very Walkable (72)
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1140 Chicago St
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