Los Angeles CA  home offered at $1,049,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

229 N Chicago Street
Los Angeles, California CA 90033-2906
Sold For: $1,050,000
Listing ID: PF22177308
Price/SqFt: $366.88
Status: Closed
Sold Date: 12/30/2022
SqFt: 2,862 Sq Ft
Acres: 0.208 Acres
Year Built: 1908

Charming craftsman character property for both owner-users and investors with HUGE basement. Large flat lot zoned for additional units in the very up and coming Boyle Heights area, just one block south of Cesar Chavez Ave with a ton of shops and t. Currently three units –only the studio is tenant occupied. Front house is a large 3-bedroom home full of character (could easily be used as a 4-bedroom), with high ceilings (a bit higher than 9.5 feet) and perfect for an owner’s unit. It has a great floor plan with large rooms, a living room with fireplace, a formal dining room and breakfast nook with a charming leaded glass bay window. The studio unit is attached to the main house with a kitchenette and bathroom (no photos of this unit). The back unit is detached with 2 bedrooms, a large living room and laundry room. The exterior is adorned with beautiful woodwork which further enhances the character of the property. There is a large flat open space behind the back unit, perfect for a yard space, extra parking or maybe more units. There is a huge basement that spans almost the entire footprint of the front structure. Many of the windows have been replaced with newer double paned windows. The electrical and plumbing were updated about 25 years ago. There are two electrical meters and two gas meters. Zoned R4, might be able to build up to 11 units on this property, buyer to investigate and verify with the city.

Primary Features

County: Los Angeles
Price Reduction Date: 2022-10-26T17:43:23+00:00
Price/SqFt: 366.88
Property Type: Residential Income
Year Built: 1908
Zoning: LAR4

Interior

Appliances: yes
Appliances: Gas Range
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 1 Common Wall
Cooling: no
Cooling Type: None
Flooring: Carpet, Tile
Heating: yes
Heating Type: Wall Furnace
Interior Features: Granite Counters, High Ceilings
Laundry: yes
Laundry Features: See Remarks
Levels: One
Room Type: Basement, Formal Entry, Kitchen, Laundry, Living Room
Spa: no
Spa Features: None

External

Architectural Style: Craftsman
Construction Materials: Wood Siding
Fence: yes
Fencing: Masonry
Foundation Details: Concrete Perimeter, Raised
Lot Features: Back Yard, Front Yard, Rectangular Lot, Level
Lot Size Area: 9047
Lot Size Source: Assessor
Lot Size Square Feet: 9047
Number Of Buildings: 2
Parking: yes
Parking Features: Driveway
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
View: no
View Type: None
Water Source: Public
Window Features: Double Pane Windows

Location

Country: US
Elevation Units: Feet
MLS Area Major: BOYH - Boyle Heights
Neighborhood: Boyle Heights

Additional

Additional Parcels: no
Association: no
Community Features: Curbs, Sidewalks
Days On Market: 81
List Agent State License: 01797428
List Office State License: 01345642
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Number Of Separate Water Meters: 1
Number Of Units Total: 3
Parcel Number: 5183002018
Senior Community: no
Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Year Built Source: Assessor

Financial

Gross Multiplier: 15.97
Gross Scheduled Income: 72000
Insurance Expense: 2500
Land Lease: no
Net Operating Income: 53500
Operating Expense: 18500
Price Per Unit: 349667
Rent Control: yes
Special Listing Conditions: Standard
Tax Census Tract: 2044.20
Tax Lot: 17
Tax Tract Number: 204420
Total Expenses: 4500
Trash Expense: 800
Water Sewer Expense: 1200

Zoning Info


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Listed by: AlexanderGingrich, DRE #01797428 from Dilbeck Real Estate 818-790-6774

Contact - Listing ID PF22177308

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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