About 2505 Chelsea
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.
Features of 2505 Chelsea
| MLS® # | AR26194839 |
|---|---|
| Price | $699,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Acres | 0.18 |
| Year Built | 1924 |
| Type | Residential Income |
| Sub-Type | Studio |
| Status | Active |
Community Information
| Address | 2505 Chelsea |
|---|---|
| Area | BOYH - Boyle Heights |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90033 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| View | Peek-A-Boo |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
Additional Information
| Date Listed | September 4th, 2026 |
|---|---|
| Days on Market | 31 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Carmen Martinez |
|---|---|
| Office | Compass |