1140 Chicago St - Multi-Family FOR SALE


Los Angeles, CA 90033- Lincoln Heights
$555,000 USD
424-317-0308
1140 Chicago St, Los Angeles, CA for Sale
$555,000 USD
Multi-Family - FOR SALE
1/15
null | Request Cap Rate

1140 Chicago St
Los Angeles, CA 90033
Lincoln Heights


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$555,000 USD

PRICE/SF

$536 USD /SF

# OF UNITS

2

PRICE/UNIT

$277,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,758 SF

ZONING

LAR3

APN/PARCEL ID

5201-010-012

ASK ABOUT THIS PROPERTY

Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

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Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.