Description
We are pleased to present a five (5) unit apartment building located at 2505 Chelsea Street in Los Angeles, California. The subject property is situated in a quiet Northeast Los Angeles location, north of Marengo Street and east of North Soto Street. Built in 1924, this property contains a streamlined unit mix of five (5) studio / one-bathroom units with potential to add at least one (1) ADU on a large 7,968 square foot lot. The units are split between three (3) bungalow style buildings with two (2) water meters. Property is separately metered for gas and electric. Along with ample on-site parking available from the entrance on Ricardo Street, the property features a large yard with endless value-add possibilities. Residents will love being in a quiet residential pocket with plenty of street parking available, just two (2) blocks away from the USC medical center. The USC Health & Sciences campus is also within walking distance, along with all the upscale retail, restaurant, and entertainment amenities that come with it. Outdoor recreation is available one (1) block away at Kira field & recreation center. Situated in a quiet Northeast Los Angeles location, this offering presents an excellent opportunity for any investor to capitalize on over 135% rental upside potential with potential to add up to two (2) ADU units in a residential pocket of Los Angeles, two (2) blocks from the USC medical center.
Location
Listing Agent: Jason Tuvia Courtesy of: Marcus & Millichap The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 8th February, 2023 4:25 PM (UTC)
