147 N Chicago · Los Angeles, CA 90033

$795,000

4 bd · 4.0 ba · 4,761 sqft · MultiFamily public records · 137 Days on market

Built 1903 7,057 sqft lot $167/sqft · 21% below area Est $1001k · 21% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

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.

Key facts

• 4 units
• 7,057 sq ft lot
• Built 1903

Tags

• 4 UNITS
• PRIME LOS ANGELES LOCATION
• STRONG RENTAL INCOME POTENTIAL
• HIGH-DEMAND RENTAL MARKET
• EXCELLENT ACCESSIBILITY

What this means for you Summary

Snapshot

• This is a 4 × 4-bed/4.0-bath units multifamily listed at $795k.

Deal economics

• At list price, monthly cash flow is $5k ($66k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($13k rent vs $795k).
• Recommended offer: $700k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, crime F, cost of living F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Breed Street Elementary (266 students, 97% FRL); Hollenbeck Middle (1,007 students, 95% FRL); Theodore Roosevelt Senior High (math 17% / reading 37%, grade F, #788 of 1,170 statewide, top 69%, 1,528 students, 97% FRL) — zoned schools average 96% FRL vs 67% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 42% district-wide (-14 pts) — the specific schools serving this property underperform the Los Angeles Unified average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.3%/yr); 108 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $223k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($700k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $192k; list at $795k implies a 314% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1903 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $699,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 137 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1903 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.66% ✓
• Cap rate: 14.59%
• Cash-on-cash: 29.62%
• DSCR: 2.32
• GRM: 5.0

CMA / ARV

• ARV (median comp): $1,000,702
• List price: $795,000
• Delta: -20.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
131 S Boyle Ave	0.48mi	3/9.0 (-1)	4,709 (-1%)	5mo	$1,400,000	$297	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 20.8%
• Equity multiple: 1.82×
• Total profit: $182,280
• Equity at exit: $118,537

10-year hold

• IRR: 27.0%
• Equity multiple: 3.06×
• Total profit: $459,190
• Equity at exit: $68,737

Cash invested: $222,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 90033

• Home prices YoY: -29.9%
• Rents YoY: -2.3%
• Active inventory: 108
• Price-to-rent: 20.1×

Monthly cashflow live

• Estimated rent: $13,207 high
• Mortgage (P&I): −$4,169
• Tax from tax record: −$439 /mo · $5,264/yr
• Insurance: −$331
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,773
• Net cashflow: $5,495

Break-even live

Break-even rent $6,252

Max offer price $795,000

Occupancy floor 53%

Sensitivity live

Price	-10% $5,945	-5% $5,720	+0% $5,495	+5% $5,270	+10% $5,045
Rent	-10% $4,451	-5% $4,973	+0% $5,495	+5% $6,016	+10% $6,538
Rate	-1.0pp $5,895	-0.5pp $5,697	base $5,495	+0.5pp $5,289	+1.0pp $5,079

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	4	4	$13,208
Total (4 units)			$13,207

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $198,750
• Closing costs: $23,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2015 N Mission Rd Los Angeles, CA	4.0	1.0	5000	$2,560	$0.51	45d	1	1.37mi

Listing history 7 events

1. 2026-06-02
   days on market $795,000 Active 137 DOM
2. 2026-06-01
   days on market $795,000 Active 136 DOM
3. 2026-05-31
   days on market $795,000 Active 135 DOM
4. 2026-03-18
   status Active 524-char remark

   Show marketing remark (524 chars)

   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.

5. 2026-01-28
   status Pending Sale 524-char remark

   Show marketing remark (524 chars)

   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.

6. 2025-11-28
   listed $795,000 Active 524-char remark

   Show marketing remark (524 chars)

   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.

7. 1997-12-22
   soldstatus $192,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $5,264 · $439/mo
• Projected year-2 tax: $6,042 · $504/mo
• Expected delta: +$778/yr (+$65/mo · 14.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥94°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $158,484
• − Mortgage interest: −$44,532
• − Property taxes: −$5,264
• − Insurance: −$3,975
• − Repairs & maintenance: −$12,679
• − Management: −$12,679
• − Depreciation: −$23,127
• Taxable income: $56,228
• Est. tax owed @ 24.0%: −$13,495
• After-tax cash flow: $52,440/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 45,647
• Household income: $59,652
• Rent vs Own: 82.4% rent · 17.6% own
• Severe rent burden: 3159.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (90%)
• Race & ethnicity: Hispanic / Latino 90% Two or more races 13% Asian 4% White 3% Native American 3% Black 1%
• Hispanic origin (detail): Mexican 75%
• Foreign-born: 43% · Canada, South Korea, China
• Languages at home: 16% English-only · Spanish 80% Other Asian/Pacific 1% Korean 1%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -201.59%
• Current HPI: 472.4588
• Rent YoY: ▼ -2.34%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+314.1% since first listed

4 events — show timeline

• 2026-03-18 Relisted — CRMLS
• 2026-01-28 Pending — CRMLS
• 2025-11-28 Listed $795,000 CRMLS
• 1997-12-22 Sold (Public Records) $192,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $5,264 · +1.9% YoY. Source: county tax records.