1140 N Chicago
Los Angeles, CA, 90033
$555,000
MLS: DW25253613
Beds
2
Baths
2
Sq Ft
1,036
Lot
0.13 ac
Year Built
1923
MLS #
DW25253613
Days on Market
168
Listed
Nov 4, 2025
Description
This prime 5,758 sq ft covered land on Chicago St North, Los Angeles, presents a rare opportunity for developers, investors, and/or owner-users. Situated in a high-demand area, the property offers strong development potential in a rapidly growing neighborhood. Property is currently occupied with low paying tenants. Lot does have alley access. Located right across the the street from USC Health Sciences Campus and the Los Angeles General Medical Center in the East LA/Boyle Heights submarket. The site benefits from excellent accessibility right outside DTLA. Its strategic position, now amplified with being in the new SB 79 Tier-2 zone should allow for considerable more density on the site, buyer to verify.
Location
Los Angeles, Los Angeles County, CA 90033
Open on Google Maps ↗Listed by: Rickird Rey Ramirez · Ally Commercial Real Estate
Payment estimate
$4,155
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $55,500 · Loan: $499,500
- Principal & Interest
- $3,069
- Property tax (1.25%)
- $578
- Homeowners insurance
- $300
- Mortgage insurance
- $208
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $19,425 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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