713 S Chicago Street, Los Angeles, California 90023, Los Angeles, 90023 - 4 bed, 2 bath
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Los Angeles, California 90023
This Turnkey Colonial-style residence represents a Strong Value Opportunity, listed at $1,095,000—positioned well below the $1,139,540 Fair Market Value by 3%. This valuation gap offers $44,540 in Instant Equity for the buyer. Featuring a Mint Condition Rating with high-quality modern updates, the property includes a generous 6,040 sqft lot with significant ADU potential. Its proximity to the Arts District and Downtown Los Angeles makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a historic, move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 713 S Chicago Street Subject | $995,000* List Price | 4 | 2 | 2,156 | $529 | - |
A 654 S Soto St Pending | $1,300,000 List Price | 4 | 4 | 2,330 | $558 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1902, the property has undergone a comprehensive and high-quality remodel within the last 5 years. The bathrooms feature modern subway tile and contemporary fixtures, the interior wood trim and floors are refinished, and the exterior shows fresh paint and new concrete work, placing it in mint, move-in ready condition.
This 1902 Colonial-style home features rare architectural details like bay windows and a classic balcony, offering a unique character and timeless curb appeal that is increasingly rare in Los Angeles.
Ideally situated in Boyle Heights near the Sixth Street Viaduct and the Arts District, the property offers excellent proximity to Downtown Los Angeles and Hollenbeck Park, making it highly desirable for urban professionals.
The generous 6,040 sqft lot includes a detached shed with electricity and ample backyard space, providing a significant opportunity for an ADU conversion or a creative studio to increase property value.
Given the home's 1902 construction date, buyers may face higher ongoing maintenance requirements and potential needs for further systemic upgrades common in properties of this vintage.
With four bedrooms but only one full bathroom located on the upper level, the current configuration may be a drawback for larger families or those seeking a more modern bed-to-bath ratio.
Now offered at an improved price of $995,000, this beautifully restored 1902 Colonial blends historic charm, generous scale and modern updates in the heart of Boyle Heights. Located just minutes from the iconic Sixth Street Viaduct, the vibrant Arts District and Downtown Los Angeles, this home also sits within walking distance of Hollenbeck Park. From the moment you arrive, the home stands out with its classic architecture, bay windows and charming balcony above the front entrance, perfect for enjoying your morning coffee. Inside, the thoughtfully remodeled kitchen and bathrooms blend modern updates with original craftsmanship, preserving the home's warmth, character, and historic feel. Upstairs features four bedrooms and a full bathroom, while a convenient half bath is located downstairs. Just off the main living area, a cozy den with a fireplace creates an inviting space to relax and gather. The backyard offers generous outdoor space with room for entertaining and relaxing, along with excellent ADU potential. A detached shed with electricity adds flexibility for storage, a workshop, a studio, or creative space. Private gated parking accommodates multiple vehicles. With its classic architecture, versatile outdoor space, and coveted Eastside location, this home captures a rare and authentic side of Los Angeles that's becoming increasingly hard to find.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 2,156 | 1,104 | 88% |
| Lot Size | 6,040 | 5,037 | 76% |
| Price | $995.0K | $600.0K | 88% |
| Price per sq ft | $462 | $543 | 29% |
| Built year | 1902 | 1920 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 144 | 6% |
May 28, 2026
$995,000
$1,095,000
-9% Price Drop
Initial Listing
May 13, 2026
$1,095,000
Initial Listing
Aug 27, 2021
$975,000
Public Record