147 N Chicago, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$795,000
147 N Chicago, Los Angeles, California 90033
0Bed
0Bath
4,761Sqft
7,057Lot
Year Built
1903
Close
-
List price
$795K
Original List price
$795K
Price/Sqft
$167
HOA
-
Days on market
-
Sold On
-
MLS number
PV25266319
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $795.0K(56th), sqft - 4761(88th), beds - undefined(50th), baths - undefined(50th).
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.
Price History
Date
Event
Price
11/28/25
Listing
$795,000
12/22/97
Sold
$192,000
Condition Rating
Poor
The property was built in 1903, making it over 120 years old. The exterior images clearly show significant age, wear, and a complete lack of modern updates, indicating no major renovations in many decades. The MLS description and property analysis explicitly highlight the 'Advanced Age of Property' and the need for 'significant capital investment for deferred maintenance, system upgrades (plumbing, electrical, HVAC), and structural repairs.' While interior images are unavailable, it is highly probable that the kitchens and bathrooms are severely outdated, and major systems are well past their expected lifespan. The property requires substantial repairs and rehabilitation to be brought up to modern standards, aligning with a 'poor' condition score rather than 'tear-down' as it is still marketed as an income-generating asset.
Pros & Cons
Pros
Multi-Unit Investment: A 4-unit quadruplex offers significant income potential and portfolio diversification for investors in a high-demand rental market.
Prime Los Angeles Location: Situated in the heart of Los Angeles, the property boasts excellent accessibility to major freeways, public transportation, shops, and dining, enhancing tenant appeal.
Strong Rental Income Potential: Explicitly highlighted as an ideal property for generating substantial rental income, appealing to investors looking to expand their portfolio.
Streamlined Probate Sale: The 'no court confirmation required' aspect simplifies and potentially expedites the acquisition process, reducing typical probate sale complexities and timelines.
Generous Lot Size: A 7,057 sqft lot provides ample space for a multi-unit property in an urban setting, potentially offering future development or amenity enhancement opportunities (subject to zoning).
Cons
Advanced Age of Property: Built in 1903, the property is over a century old, likely requiring significant capital investment for deferred maintenance, system upgrades (plumbing, electrical, HVAC), and structural repairs.
Unspecified Condition & Renovation Needs: The description lacks details on the current condition of the units, implying potential for extensive renovation work to modernize and maximize rental value, which could entail substantial costs.
Lack of Current Financials/Occupancy Data: Absence of information regarding current rents, occupancy rates, and operating expenses makes it challenging for investors to accurately assess immediate cash flow and ROI without further due diligence.