244 N Chicago Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$1,288,000
244 N Chicago Street, Los Angeles, California 90033
0Bed
0Bath
3,741Sqft
9,001Lot
Year Built
1901
Close
-
List price
$1.29M
Original List price
$1.6M
Price/Sqft
$344
HOA
-
Days on market
-
Sold On
-
MLS number
WS24134098
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.29M(81th), sqft - 3741(88th), beds - undefined(50th), baths - undefined(50th).
Great rental location with huge lot with two building, front building consist of 2 units, front unit 2 bedrooms & 2 baths built in 1901 and rear unit 2 bedrooms & 1 baths built in 1985. Back building consist of 2 units built in 2017, 2 bedrooms & 1 bath each on the 2nd level with parking carport underneath. Extra parking spaces on the back of the building. Property located near Downtown Los Angeles and has easy access to major freeways. This fourplex allow you to live in one unit and income from other units or maximize it as a full investment property.
Price History
Date
Event
Price
11/08/25
Price Change
$1,288,000-0.9%
09/13/25
Price Change
$1,300,000-3.7%
08/11/25
Price Change
$1,350,000
07/17/24
Listing
$1,600,000
02/26/10
Sold
$370,000
Condition Rating
Poor
This quadruplex presents a highly inconsistent property condition due to its varied construction dates. While the two units built in 2017 are likely in excellent, modern condition, the front building's 1901 unit 'likely requires significant deferred maintenance, system upgrades, and renovation to meet modern standards,' as noted in the property analysis. The 1985 unit would also be over 30 years old and likely requires substantial updates if not renovated since construction. Without interior photos, especially for the older units, it's impossible to confirm specific kitchen, bathroom, or system conditions, but the age of the 1901 unit strongly suggests it requires 'substantial repairs and rehabilitation,' pulling the overall property condition down to 'Poor' despite the newer additions.
Pros & Cons
Pros
Strong Income Potential: As a quadruplex, the property offers excellent income generation opportunities, allowing for owner-occupancy with rental income or full investment maximization.
Newer Construction Units: Two of the four units were built in 2017, providing modern living spaces and potentially lower immediate maintenance costs for those units.
Strategic Location: Located near Downtown Los Angeles with easy access to major freeways, enhancing rental demand and potential for property value appreciation.
Ample Parking: The property includes a carport and additional parking spaces, a significant advantage in a dense urban environment like Los Angeles.
Generous Lot Size: A substantial 9,001 sqft lot offers potential for future development, expansion, or enhanced outdoor amenities.
Cons
Age of Original Units: The front building, constructed in 1901, likely requires significant deferred maintenance, system upgrades, and renovation to meet modern standards.
History of Price Reductions: Multiple substantial price drops from the original list price of $1.6M to $1.288M may indicate market resistance or an initial overvaluation.
Inconsistent Property Condition: The wide range of build years (1901, 1985, 2017) implies varying levels of modernization and maintenance needs across the four units, potentially complicating property management.