2505 Chelsea St Los Angeles, CA 90033

$600,000 Sold Price as of 11/06/2017

5 Beds
5 Baths
2,478 Sq.Ft.

Off Market

$600,000 Sold Price as of 11/06/2017 Refinance Your Mortgage

Map preview of 2505 Chelsea St, Los Angeles, CA 90033

Property Overview: 2505 Chelsea St Los Angeles, CA has 5 bedrooms, 5 bathrooms, 2,478 living square feet and 7,968 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2505 Chelsea St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2505 Chelsea St

Last sold for $600,000 on November 10th, 2017

March, 2023
Mar 29, 2023

Date

Canceled

CRMLS: 22224609

$775,000

Price
Dec 12, 2022

Date

Active

CRMLS: 22224609

$875,000

Price
Listing provided courtesy of CRMLS

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.

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December, 2017
Dec 29, 2017

Date

Sold

CRMLS: IG17179964

$600,000

Price
Sep 29, 2017

Date

Pending

CRMLS: IG17179964

$660,000

Price
Aug 4, 2017

Date

Active

CRMLS: IG17179964

$660,000

Price
Listing provided courtesy of CRMLS

Excellent Location Near USC Medical Center. This 5 unit property sits on a 7,889 square foot lot and is conveniently located near the 10 Freeway. The property offers 5 rented units. The property is being sold in its current condition and seller will not be making any repairs. The owner has made many recent plumbing and electrical improvements.

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November, 2017
Nov 6, 2017

Date

Sold (Public Records)

Public Records

$600,000

Price

Tax History for 2505 Chelsea St

Assessed Value (2020): $624,240

Year	Land Value	Improved Value	Assessed Value
2020	$436,968	$187,272	$624,240

About 2505 Chelsea St

Detailed summary of property

2505 Chelsea St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90033 and last sold on November 6, 2017 for $600,000. This property has 5 bedrooms, 5 bathrooms, roughly 2,478 living square feet, and sits on an approximately 7,968 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 46.43% lower than the current median priced home. 2505 Chelsea St was last sold on November 6, 2017 for $600,000. Local nearby listings include 2224 Gates St, 1914 Sichel St and 3865 Meisner St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 2505 Chelsea St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2505 Chelsea St

Public county record property details

Beds: 5
Baths: 5
Year built: 1924
Sq. Ft.: 2,478
Lot Size: 7,968
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9
APN: 5202-010-020

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$749,000

Median List Price/Sq.Ft.

$444

Median Sold Price

$660,000

Median Sold Price/Sq.Ft.

$700

Total Inventory

Median Sale to List Price %

96.35%

Avg Days on Market

Loan Type

Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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