2505 Chelsea, Los Angeles, CA 90033
- $800,000
- List Price
- $800,000
- Status
- ACTIVE
- MLS#
- CV26037235
- Year Built
- 1924
- Lot Size
- 7,971
- Acres
- 0.18
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 162
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
INVESTMENT PROPERTY! Prime 5 unit investment opportunity in a desirable Los Angeles location. Fully occupied and operating with month-to-month tenants under LA rent stabilization (buyer to verify). 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. Seller willing to negotiate structure and pricing depending on whether buyer acquires both the 5 units and the land. Serious investors only. Do not disturb tenants.
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Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 15
Listing courtesy of Listing Agent: Monica Munive (monica.dynasty@gmail.com) from Listing Office: DYNASTY REAL ESTATE.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.