147 N Chicago, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Quadruplex Multifamily Asset offers a strategic entry into the Boyle Heights market with a List Price of $795,000, reflecting a stable valuation at its $795,000 Fair Market Value. Featuring a Condition Rating of 5, the 120-year-old structure requires significant rehabilitation but provides substantial Value-Add potential across four units. The transit-oriented location and streamlined probate process—requiring no court confirmation—ensure a predictable acquisition for those targeting high-demand rental corridors. This asset is perfectly suited for Buy-and-Hold Investors or Value-Add Specialists seeking to capitalize on Los Angeles' rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 147 N Chicago Subject | $795,000* List Price | 0 | 0 | 4,761 | $167 | - |
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, this property is over 120 years old and shows visible signs of deferred maintenance, including cracked stucco and weathered exterior surfaces. As a probate sale with no interior images provided, and with the listing description explicitly mentioning the need for substantial updates to major systems like plumbing, electrical, and seismic retrofitting, the property requires significant rehabilitation to meet modern standards.
This four-unit quadruplex offers significant rental income potential in a high-demand market, making it an ideal asset for investors looking to maximize cash flow.
The property is a probate sale that does not require court confirmation, allowing for a faster and more predictable closing process compared to traditional probate listings.
Located in Boyle Heights with immediate proximity to major freeways and public transportation, the property ensures high tenant desirability and low vacancy rates.
Built in 1903, the structure is over 120 years old and likely requires substantial updates to major systems like plumbing, electrical, and seismic retrofitting.
As a probate sale of a century-old multi-family building, the property may require significant capital expenditure for renovations to reach its full market value.
Great Investment Opportunity – 4 Units in Prime Los Angeles Location. Presenting a great opportunity to acquire a 4-unit multifamily property in the heart of Los Angeles. This well-situated complex offers strong rental income potential and is ideal for investors looking to expand their portfolio in a high-demand rental market. Conveniently located near major freeways, public transportation, shops, and dining, the property boasts excellent accessibility for tenants. Probate Sale, no court confirmation is required.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,761 | 2,269 | 73% |
| Lot Size | 7,057 | 5,849 | 82% |
| Price | $795.0K | $775.0K | 55% |
| Price per sq ft | $167 | $380 | 9% |
| Built year | 1903 | 1924 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 145 | 204 | 36% |
Nov 28, 2025
$795,000
Initial Listing
Dec 22, 1997
$192,000
Public Record