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Listed by: Carmen Martinez (626) 673-5308 DRE #01848111 | Compass (626) 696-4800
$699,000
Monthly Est:$3,479
5 Beds
5 Baths
2,478sqft
2505 Chelsea, Los Angeles, CA 90033
$699,000
$3,479/moEst:
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Multi Family
Built in 1924
$-- HOA
7,971 sqft lot
$282/sq.ft
Description
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.
- Houzeo last checked: 5 minutes ago
- Listing updated: September 24, 2026 at 12:51 am
- Source: California Regional MLS-CA | MLS#: AR26194839
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1924
HOA Fees
-
Finished Area
2,478 sqft
Lot Size
7,971 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
AR26194839
MLS Status
Active
Days on Market
59
Cumulative Days on Market
19
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 5
Interior
Heating
Wall Furnace
Cooling
None
Sewer
Public Sewer
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Pool Features
None
Fireplace Features
None
Water Source
Public
Laundry Features
Laundry Room
Other Features
Tenant Pays
Cable Tv, Electricity, Gas
Community Features
Curbs, Sidewalks, Urban
Price History
| Date | Event | Price |
|---|---|---|
09/04/2026 Source: | Listed for Sale | $699,000 -12.62% $282/sqft |
02/18/2026 Source: | Off Market | $800,000 $323/sqft |
02/18/2026 Source: | Listed for Sale | $800,000 $323/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 01:15AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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