521 S Chicago, Los Angeles, California 90033, Los Angeles, 90033 - 3 bed, 2 bath

521 S Chicago, Los Angeles, California 90033 home-pic-0

521 S Chicago

Los Angeles, California 90033

ACTIVE
CONDITION: POOR
3Beds
2Baths
1,474Sq Ft
7,419Lot Size

Property Price

LIST PRICE$929,000
EST. MARKET VALUE
$672,707
38% AboveMARKET VALUE

SUMMARY

Analysis of 521 S Chicago, Los Angeles, California 90033 reveals a property with a current list price of $929,000, which is 38% above the estimated $672,707 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$672,707
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
521 S Chicago
Subject
$929,000*
List Price
321,474$456-
A
346 N Fickett Street
Active
$699,999
List Price
211,228$5700.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1911 and on the market for the first time in 65 years, this Craftsman home explicitly states it 'needs significant updates and imagination' and 'substantial renovation.' While the exterior appears structurally sound, the lack of interior photos combined with the description's emphasis on 'age-related maintenance' for systems like plumbing and electrical, and the need for modernization, indicates that the kitchen, bathrooms, and other major components are likely very outdated and require substantial rehabilitation, aligning with the 'poor' condition criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7419, living area = 1474.

  • Development Potential

    Zoned LARD 1.5 and located in a TOC Tier 3 zone, this property offers significant potential for increased density and the construction of multiple apartment units, enhancing its long-term value.

  • Prime Location

    Situated very close to downtown Los Angeles, the property benefits from excellent accessibility to urban amenities, employment centers, and cultural attractions.

CONSRISKS & DEFICIENCIES

  • Renovation Needed

    The property is presented as needing significant updates and imagination, indicating a need for substantial renovation and financial investment to modernize.

  • Age-Related Maintenance

    Built in 1911, the home likely features older systems (plumbing, electrical) that may require immediate or future upgrades and ongoing maintenance typical of historic properties.

  • Limited Bathroom Count

    With 3 bedrooms and only 1.5 bathrooms, the property may not meet the needs of larger families or modern buyer expectations for bathroom-to-bedroom ratios.

About 521 S Chicago

Craftsman-style family home very close to downtown Los Angeles, offers 3 bedrooms and 1 and a 1/2 bathrooms. Natural hardwood floors throughout the home, enhancing its original charm. Good sized kitchen and dining room as well as living room. Home flows nicely. A large attic area and basement provide excellent storage space or potential for creative use. First time on the market in 65 years. Bring your paint brush and imagination to make this home yours. The lot alone has value and the opportunity to build apartment units. Gross Living Area is 1,643 Square Feet with a lot size of 7,416 per appraisal. It's larger than most homes in the area, providing more living space. Higher Density Zoning as the property is zoned LARD 1.5, allowing one unit for every 1500 sq. ft. of lot area. TOC Tier 3 Zone. Being in the Transit Oriented Communities Tier 3 zone, it permits increased density, enabling the construction of more units. Detached Rumpus/Recreation Room. Craftsman Style as it is designed in the Craftsman architectural style. These features make the property quite unique and potentially very desirable! If you need more detailed information or have specific questions, feel free to ask.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1911
Lot Size
7,419 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,4741,380
60%
Lot Size7,4196,816
80%
Price$929.0K$675.0K
87%
Price per sq ft$630$493
67%
Built year19111911
50%
HOA$0$0
50%
Days on market54182
7%

Pricing History

Listed for Sale

Feb 4, 2026

$929,000

$959,000

-3% Price Drop

Initial Listing

Price Change

Jan 12, 2026

$959,000

Initial Listing

Price Change

Jan 11, 2026

$959

Initial Listing

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