Description

SIX-UNIT MULTIFAMILY INVESTMENT | BOYLE HEIGHTS | BUYER OPPORTUNITY! Positioned in an established Los Angeles neighborhood, 442 S. Chicago Street presents an opportunity for investors looking to acquire and transform a multifamily asset with long-term income potential. Offered at $948,000, this two-story property features approximately 4,991 square feet of building area on an 8,066-square-foot lot, with a diverse unit mix consisting of one 3-bedroom/2-bath unit, three 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. Additional amenities include six on-site parking spaces, comprised of four covered and two uncovered assigned spaces, along with a dedicated laundry room for tenant use. Units 1 and 4 will be delivered vacant at closing, providing an opportunity for renovations and the establishment of new rental income, while the remaining occupied residences provide an existing tenant base. Conveniently located near Downtown Los Angeles, major freeways, shopping, dining, and public transportation. With an asking price of approximately $158,000 per unit and $190 per building square foot, this property offers investors a compelling acquisition basis for a renovation and repositioning project.