2505 Chelsea, Los Angeles, CA — listing photo 1
1 / 25
FOR SALENew Listing

2505 Chelsea

Los Angeles, CA 90033
7,971 Lot Sq Ft
Built 1924
$699,000

Property Overview

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 exemptions—bypassing 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.

Home Details

Property type
Residential Income - Studio
Year built
1924
Lot size
7,971 sq ft
Stories
1
Days on market
19
MLS status
Active

Features & Amenities

Pool

  • None

Community, Schools & Utilities

Community

View
PeekABoo

Utilities

Heating
WallFurnace
Cooling
None
Water
Public
Sewer
PublicSewer
Browse more homes for sale in Los Angeles

Location & Neighborhood

2505 Chelsea

Los Angeles, CA 90033

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 2505 Chelsea

Property type: Residential Income

The current asking price is $699,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2505 Chelsea. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1924. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 19 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

Enquiry form loads as you reach this section.

Listing Agent

Name: Carmen Martinez
MLS ID: A38754

Available property

$699,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.