521 S Chicago Street, Los Angeles, California 90033, Los Angeles, 90033 - 3 bed, 2 bath

521 S Chicago Street, Los Angeles, California 90033 home-pic-0
ACTIVE$959,000
521 S Chicago Street, Los Angeles, California 90033
3Beds
2Baths
1,643Sqft
7,419Lot
Year Built
1911
Close
-
List price
$959K
Original List price
$999K
Price/Sqft
$584
HOA
-
Days on market
-
Sold On
-
MLS number
CV25028192
Home ConditionPoor
Features
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $959.0K(87th), sqft - 1643(60th), beds - 3(50th), baths - 2(50th).

Nice Craftsman-style family home very close to downtown Los Angeles, offers 3 bedrooms and 1 and a 1/2 bathrooms. Natural hardwood floors run throughout the home, enhancing its original charm. Good sized kitchen and dining room as well as living room. Home flows nicely. A large attic area and basement provide excellent storage space or potential for creative use. First time on the market in 65 years. Bring your paint brush and imagination to make this home yours. The lot alone has value and the opportunity to build apartment units. Gross Living Area is 1,643 Square Feet with a lot size of 7,416 per appraisal. It's larger than most homes in the area, providing more living space. Higher Density Zoning as the property is zoned LARD 1.5, allowing one unit for every 1500 sq. ft. of lot area. TOC Tier 3 Zone. Being in the Transit Oriented Communities Tier 3 zone, it permits increased density, enabling the construction of more units. Detached Rumpus/Recreation Room. Craftsman Style as it is designed in the Craftsman architectural style. These features make the property quite unique and potentially very desirable! If you need more detailed information or have specific questions, feel free to ask.

Price History

Date
Event
Price
10/04/25
Price Change
$959,000-2.0%
08/27/25
Price Change
$979,000
02/27/25
Listing
$999,000
Condition Rating
Poor

Built in 1911 and on the market for the first time in 65 years, this property has not undergone major renovations in over five decades. The kitchen (Image 4) is extremely outdated with original or very old wood cabinets, laminate countertops, and dated appliances, requiring a complete overhaul. While the description mentions 'natural hardwood floors,' Image 5 shows worn, possibly painted, flooring in one living area, indicating inconsistency or significant wear. All major systems (electrical, plumbing, HVAC) are likely original or very old and would require substantial replacement. The property requires extensive rehabilitation to meet modern living standards, making it uncomfortable in its current state, though not explicitly 'unlivable' or 'beyond repair' as a tear-down would imply. The listing's emphasis on land value and development potential, alongside the need to 'bring your paint brush and imagination,' reinforces its status as a major fixer-upper.
Pros & Cons

Pros

Exceptional Development Potential: Zoned LARD 1.5 and within a TOC Tier 3 zone, allowing for significant increased density and multi-unit construction on the generous 7,416 sq ft lot.
Prime Downtown Adjacent Location: Situated very close to downtown Los Angeles, offering excellent accessibility and a desirable urban lifestyle.
Authentic Craftsman Charm: Features a classic Craftsman architectural style with natural hardwood floors, preserving original character and appeal.
Spacious Living & Lot Size: At 1,643 sq ft, it's larger than most homes in the area, complemented by a substantial 7,416 sq ft lot.
Versatile Additional Spaces: Includes a large attic, basement, and a detached rumpus/recreation room, providing ample storage and potential for creative use or expansion.

Cons

Requires Significant Renovation: The property explicitly requires a 'paint brush and imagination,' indicating the need for substantial updates and investment to modernize.
Limited Bathroom Count: With only 1.5 bathrooms for a 3-bedroom home, it falls below modern expectations and may necessitate an upgrade for comfort and resale.
Age-Related System Concerns: Built in 1911 and on the market for the first time in 65 years, suggesting potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state