Discover a rare opportunity to own a versatile private compound in the heart of Los Angeles—perfect for multigenerational living, student housing, or professionals working at the nearby USC Health Sciences Campus. This charming 3-bedroom, 2-bathroom home spans approximately 1,200 sq. ft. and is set on a generous 6,814 sq. ft. gated lot. The expansive yard offers endless possibilities. Surrounded by lush landscaping and mature fruit trees, the property provides both privacy and a serene retreat from city life. In addition to the main residence, the property features a bonus unpermitted garage conversion (approx. 330 sq. ft.) with kitchen and ¾ bath, ideal for use as a guest suite or in-law quarters. A detached workshop/office provides flexible space for creative pursuits, remote work, or additional storage. The expansive driveway accommodates multiple cars as well as an RV or camper, making it perfect for households with extra vehicles or travel needs. Eligible for the USC Neighborhood Homeownership Program, this home is an excellent opportunity for USC employees to live just minutes from campus while building equity in a thriving community. The location also offers easy access to Downtown LA, Pasadena, Alhambra, Cal State LA, public transportation, shopping, and dining, with nearby cultural and recreational destinations like El Sereno, Highland Park, Lincoln Park, and the Arts District adding to its appeal. Whether you’re seeking a multi-use property for extended family, an investment for student rentals, or a private retreat with abundant outdoor space, 2601 Chelsea St is a property that truly has it all.