For sale

Listed by: Compass • Carmen Martinez • Contact: 626-673-5308

$699,000

2505 Chelsea St, Los Angeles, CA 90033

5beds

5baths

2,478sqft

$4,708/mo

Get pre-qualified

Multi Family

Built in 1924

-- sqft lot

$-- Zestimate^®

$282/sqft

$-- HOA

What's special

OPPORTUNITY IS KNOCKING! Prime 5 unit investment opportunity centrally located near KECK USC and a plethora of schools and health departments/buildings in Boyle Heights. This property can easily add two more units, which can be two stories, there is land and opportunity! Tenants have been living here month-to-month under LA rent stabilization. Strong rental upside potential with improvements. Property needs TLC, including roof repair in one unit, making this an ideal repositioning project for experienced investors. Sale includes additional land with permits in place to build two 2 story units. A rare opportunity to increase density and long-term income. Do not disturb tenants. Close to the 10 and 5 freeways, shopping and transportation.

5 days
118
11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5

Heating

Wall Furnace

Cooling

None

Appliances

Laundry: Laundry Room

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 2,478
Total interior livable area: 2,478 sqft

Property

Features

Entry location: 1
Pool features: None
Spa features: None
Has view: Yes
View description: Peek-A-Boo

Lot

Size: 7,971 Square Feet

Details

Parcel number: 5202010020
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Curbs, Sidewalks, Urban

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $282/sqft
Tax assessed value: $777,335
Date on market: 9/4/2026
Cumulative days on market: 5 days
Listing terms: Cash
Tenant pays: Cable TV, Electricity, Gas
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$4,344/mo

Price history

Date	Event	Price
9/6/2026	Listed for sale	$699,000-9.8%$282/sqft
Source: CRMLS #AR26194839 Report a problem
3/29/2023	Listing removed	--
Source: CLAW #22-224609 Report a problem
2/27/2023	Listed for sale	$775,000$313/sqft
Source: CLAW #22-224609 Report a problem
2/14/2023	Contingent	$775,000$313/sqft
Source: CLAW #22-224609 Report a problem
1/24/2023	Price change	$775,000-11.4%$313/sqft
Source: CLAW #22-224609 Report a problem
12/12/2022	Listed for sale	$875,000+45.8%$353/sqft
Source: CLAW #22-224609 Report a problem
11/6/2017	Sold	$600,000$242/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$777,335 +2%
2025	$10,001 +11.5%	$762,094 +13.9%
2024	$8,972 +1.8%	$669,307 +2%
2023	$8,812 +8.9%	$656,184 +2%
2022	$8,089 +1.3%	$643,319 +2%
2021	$7,985 -0.9%	$630,706 +1%
2020	$8,060	$624,240 +2%
2019	$8,060 +5.7%	$612,000 +2%
2018	$7,628	$600,000 +905.6%
2017	$7,628 +557.3%	$59,665 +2%
2016	$1,161 +4.7%	$58,496 +1.5%
2015	$1,109 -2.6%	$57,619 +2%
2014	$1,138	$56,491 +2.5%
2012	--	$55,136 +2.8%
2010	--	$53,653 +1.8%
2008	--	$52,728 +4%
2006	--	$50,683
2005	--	$50,683 +4%
2004	--	$48,717 +1.9%
2003	--	$47,825