2505 Chelsea

Los Angeles, CA 90033

7,971 sq ft lot
Built 1924

Listed by: Compass · 626-673-5308

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.

Home details

Interior

Laundry: Laundry Room
Fireplace: None
Cooling: None
Heating: Wall Furnace

Exterior & lot

Lot size: 7,971 sq ft (0.18 acres)
View: Peek-A-Boo
Pool: None
Garage spaces: 0
Common walls: 2+ Common Walls

Property & community

Property type: Studio
Year built: 1924
Community: Curbs, Urban, Sidewalks
County: Los Angeles
MLS #: AR26194839
Listed: Sep 4, 2026

Location

Listed by: Compass · 626-673-5308

Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.

Listing data last updated Oct 7, 2026 3:30 am.