147 N Chicago St, Los Angeles, California 90033, Los Angeles, 90033 - 4 bed, 4 bath
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Los Angeles, California 90033
This 4-unit quadruplex presents a Strong Value Opportunity with a List Price of $750,000—positioned well below the $801,443 Fair Market Value by 6%. This valuation gap offers $51,443 in Instant Equity for buyers. Featuring a Fair Condition Rating, the property requires significant capital expenditure to modernize its 1903 structure. However, the probate sale status allows for a streamlined acquisition, making this a high-potential asset for Buy-and-Hold Investors or Value-Add Developers seeking to maximize rental income in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 147 N Chicago St Subject | $750,000* List Price | 4 | 4 | 4,761 | $168 | - |
A 574 N St Louis Street Sold | $890,000 | 0 | 0 | 5,184 | $172 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1903 with no mention of recent renovations, this property is over 120 years old. The exterior shows visible stucco cracking and aged windows. Given the probate sale status and low price point for a 4-unit building, it likely suffers from significant deferred maintenance and requires a full rehab of kitchens, bathrooms, and outdated systems (HVAC/Electric).
As a 4-unit quadruplex, this property offers significant rental income potential and qualifies for residential financing, making it an ideal asset for both seasoned investors and owner-occupants.
The sale requires no court confirmation, which simplifies the acquisition process and allows for a faster, more predictable closing timeline compared to traditional probate listings.
Priced at $750,000 for over 4,700 square feet of living space, the property presents a highly competitive price-per-unit and price-per-square-foot for the Los Angeles market.
Built in 1903, the structure likely requires substantial capital expenditures to modernize aging systems and address deferred maintenance common in century-old buildings.
With only 4 bedrooms across 4,761 square feet, the current layout suggests large but low-occupancy units, which may limit the maximum rental ceiling compared to multi-bedroom configurations.
Exceptional Investment Opportunity – 4-Unit Multifamily Property Don't miss this outstanding opportunity to acquire a 4-unit multifamily property in a desirable Los Angeles location. Offering excellent rental income potential. provides the accessibility and convenience to shopping centers, freeways, and more.. This is a probate sale with no court confirmation required
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 4,761 | 2,250 |
| Lot Size | 7,057 | 5,864 |
| Price | $750.0K | $826.7K |
| Price per sq ft | $158 | $395 |
| Built year | 1903 | 1925 |
| HOA | $0 | $0 |
| Days on market | 13 | 83 |
Jul 9, 2026
$750,000
Initial Listing
Dec 22, 1997
$192,000
Public Record