James Nagorski - Coldwell Banker Commercial Real Estate Solutions Logo
$699,000
 $3,752 est/mo Sourced by Back At You

2505 Chelsea,Los Angeles, CA 90033

Los Angeles, CA 90033

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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.

Details

MLS #AR26194839
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1924
Days On Site44
Listing Provided ByCompass | Carmen Martinez

Features

SQ Feet2,478
Story(s)1
Units5
Building(s)3
Acreage0.18
Property ViewYes

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo
Fireplace Yes / NoNo

Parking

Garage Yes / NoNo

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
SewerPublic Sewer

Location

Community FeaturesCurbs, Sidewalks, Urban

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90033
AreaBOYH Boyle Heights
Listing VS Median (in 90033)
Price:
$699,000
low | high
Med:
$1,024,500
3.43347639485% of Average
sqft:
2,478
low | high
Med:
7,135
100% of Average
$ / sqft:
$282
low | high
Med:
$258
58.507978489252% of Average
On site:
44
low | high
Med:
199
22.110552763819% of Average
Sourced by Back At You

Market Activity 90033

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Contact

Learn More About This Property

James Nagorski

James Nagorski

Coldwell Banker Commercial

02248064 (805) 538-3393james.nagorski@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90033
AreaBOYH Boyle Heights
Listing VS Median (in 90033)
Price:
$699,000
low | high
Med:
$1,024,500
3.43347639485% of Average
sqft:
2,478
low | high
Med:
7,135
100% of Average
$ / sqft:
$282
low | high
Med:
$258
58.507978489252% of Average
On site:
44
low | high
Med:
199
22.110552763819% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $524K - $873K
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
2440 Wabash Avenue Property Photo 1
$745,000
2440 Wabash Avenue
Los Angeles, CA 90033
Listing Updated: September 28, 2026 at 9:58:10 PM PDT

James Nagorski - Coldwell Banker Commercial Real Estate Solutions