Home | Los Angeles County | Los Angeles | 90033 | 2505 Chelsea

2505 Chelsea, Los Angeles, CA 90033

MLS: CRAR26194839 | Status: | Price: $699,000
Beds/Baths: – / –
Property Type: Residential Income

Quick Facts

Beds	Baths	Sq Ft	Sq Ft Lot	Yr Built
–	–	–	7,971	1924

Remarks

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.

MLS Listing Information

Field	Value
MLS #	CRAR26194839
MLS Source	California Regional MLS
Days on Site	22

Features

Interior Features

Feature	Details
Cooling	None
Heating	Wall Furnace

Parking, School, and Other Information

Feature	Details
Garage/Parking	Garage: 0 Car(s)

Contact Information

Carmen Martinez
Compass
License #: 01848111
Phone: –

Property Units

# Buildings	# Leased Units	# Total Units
3	–	–

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School	Type	Grades	Distance	Rating
Francisco Bravo Medical Magnet High School	public	9-12	0.19 mi	8
East Los Angeles Occupational	public	UG	0.33 mi	N/A
Murchison Street Elementary School	public	K-6	0.34 mi	4
Evergreen Avenue Elementary School	public	K-6	0.37 mi	5
Sheridan Street Elementary School	public	K-6	0.65 mi	5
Central Juvenile Hall	public	6-12	0.66 mi	N/A
Harrison Street Elementary School	public	K-6	0.69 mi	4
East Los Angeles Skills Center	public	UG	0.87 mi	N/A
Pueblo De Los Angeles Continuation School	public	9-12	0.87 mi	2
Malabar Street Elementary School	public	K-6	0.89 mi	5
Multnomah Street Elementary School	public	K-5	0.90 mi	8
Bridge Street Elementary School	public	K-5	0.99 mi	5
Griffin Avenue Elementary School	public	K-5	1.07 mi	4
First Street Elementary School	public	K-6	1.11 mi	7
Gates Street Elementary School	public	K-5	1.17 mi	7
Woodrow Wilson Senior High School	public	9-12	1.17 mi	6
Breed Street Elementary School	public	K-6	1.24 mi	6
William R. Anton Elementary School	public	K-6	1.26 mi	7
Second Street Elementary School	public	K-6	1.27 mi	6
Abraham Lincoln Senior High School	public	9-12	1.27 mi	6

Disclosures

©2026 California Regional MLS. All rights reserved. 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 provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.

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This listing information is up-to-date as of September 24, 2026. For the most current information, please contact Carmen Martinez.