2505 Chelsea Los Angeles, CA ^$ 699,000

2505 Chelsea

^$ 699,000

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2505 Chelsea

Los Angeles, CA, 90033

^$ 699,000

Bedrooms-- Baths1.0 Sq 2,478

Monthly Estimate*

^$ 4,828

Listed by Carmen Martinez, Compass, CarmenSellsDreams@gmail.com

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Multi-Family Home for sale in Los Angeles, CA

for $699,000 with 1 full bath. This 2,478 square foot home was built in 1924 on a lot size of 0.183.

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.

Multi-Family Active

Price

^$ 699,000

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.183

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

AR26194839

Days on Market

Features

General

Sewer Public Sewer

Heating Wall Furnace

Cooling None

Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected

Garage Spaces 0

Pool Features None

Year Built 1924

Tenant Pays Cable TV Electricity Gas

View Peek-A-Boo

Property Subtype Studio

Gross Income 3508

Community Features Curbs Sidewalks Urban

County Los Angeles

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

New Construction false

Property Type Residential Income

Contingency None

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions North of Soto St off the 10 fwy

City Los Angeles

Entry Location 1

Senior Community Y/N false

Number Of Units Total 5

MLS Area BOYH - Boyle Heights

Lot Size Units Square Feet

Lot Size Square Feet 7971

Listing Terms Cash

Spa Features None

Property Attached Y/N true

Land Lease Y/N false

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 9

Property Sub Type Additional Studio

Interior

Fireplace Features None

Total Stories 1

Common Walls 2+ Common Walls

Air Conditioning Y/N false

Heating Y/N true

Fireplace Y/N false

Laundry Features Laundry Room

Entry Level 1

Exterior

Water Source Public

Total Parking 0

Lot Size Area 7971

Number of Buildings 3

Spa false

Building Area Total 2478

Lot Size Acres 0.183

Road Surface Type Paved

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

* Excluded Features

List By

Carmen Martinez

Listing Agent

Compass

Broker

CarmenSellsDreams@gmail.com

Affordability Calculator

$4,828

Per Month

Monthly Principal & Interest: $4,828
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,942,048

Percent of Sale Price 178%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
9/5/2026	$699,000		Listed Price

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2505 Chelsea, Los Angeles, CA, 90033 is a Multi-Family Home for sale at $699,000 with 2,478 sqft and a lot size of 0.183. 2505 Chelsea has 1.0 baths and was built in 1924. The property's zip code is 90033 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2505 Chelsea

Multi-Family Home for sale in Los Angeles, CA

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