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2505 Chelsea, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:CENTURY 21 Masters
2505 Chelsea,Los Angeles, CA 90033
$699,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: carmen martinez
Office: compass
MLS#:AR26194839
Source:San Diego MLS via CRMLS

Price summary

  • Price:$699,000

About this home

Unmatched Value-Add Density Expansion in Boyle Heights! Located blocks from the Keck School of Medicine of USC Hospital, this unique corner-lot residential income property features 5 detached/semi-detached 1BD/1BA units on an expansive 7,971 SF parcel. Perfect for a 1031 exchange or seasoned developer looking to skip the municipal red tape: LADBS plan checks are already completed for 2 brand-new, 2-story detached units (892 SF & 894 SF). While the 5 existing character units built in 1924 offer consistent historical occupancy under LARSO, the 2 new construction units qualify for full Costa-Hawkins exemptionsbypassing legacy rent-control caps to allow immediate market-rate cash flow. Driveway access accommodates future parking allocations seamlessly. Transform this asset from a stable 2.93% current cap into a massive 10.4% projected stabilized return. Sold "As-Is" with all plans and engineering conveyed at close.

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Home facts

  • Listing ID #:AR26194839
  • Added:56 day(s) ago
  • Updated:October 31, 2026 at 07:05 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Finances and disclosures

  • Price:$699,000
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