858-525-5007

2505 Chelsea, Los Angeles CA 90033 | $699,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 7971 Lot Sq Ft
  • Type: Studio
  • Stories: 1
  • Year Built: 1924
  • MLS#: AR26194839
  • Community: BOYH - Boyle Heights

Listing provided courtesy of Carmen Martinez of Compass. Last updated 2026-10-01 08:10:14.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.18 Acres
1 Story

David Piper​

Call or Text: 858-525-5007

DRE# 02021985