2505 Chelsea, Los Angeles, CA 90033

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Beds

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Baths

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Sq ft

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 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.

Type

Studio

Year built

1924

Lot

7,971 sq ft

Garage

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HOA

None

Pool

View

Peek-A-Boo

Solar

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Estimated payment

$4,408/mo

Principal & interest$3,535
Property tax (est.)$670
Home insurance (est.)$204

Down payment: 20% ($139,800)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Carmen Martinez, Compass, 626-673-5308. MLS# AR26194839. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:00 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.