N/A
Bedrooms
$699,000
FOR SALE2505 Chelsea
Los Angeles, CA
MLS# AR26194839
Studio
63 days on marketNalren refreshed
Listing Agent
Property Details
N/A
Bathrooms
N/A
Square Feet
1924
Year Built
7,971 sqft
Lot Size
N/A
Price/Sq Ft
0
Garage Spaces
N/A
HOA
Studio
Property Type
Description
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.
Facts & Features
Interior
- Fireplace
- No
- Laundry Features
- Laundry Room
Exterior
- Private Pool
- No
Building
- Year Built
- 1924
- Building Area Total
- 2,478
- Stories Total
- 1
Utilities
- Heating
- Wall Furnace
- Cooling
- None
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Sewer
- Public Sewer
- Water Source
- Public
Parking
- Garage Spaces
- 0
- Parking Total
- 0
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
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CRMLS
MLS# AR26194839
Listed:
Nalren refreshed:
Last updated
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Listed by: Compass
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.