2576 W 5th Street
Los Angeles, CA 90057
- 1 bed
- 1 bath
- 656 sqft
- 5,753 sqft lot
- $1,211 per sqft
- 1940 build
- – on site
Outstanding development opportunity in the thriving Westlake neighborhood. Situated on a nearly 6000-square-foot lot, 2576 W 5th Street offers a prime development opportunity in a central Los Angeles location. The current structure, a single-family home, in need of extensive renovation, awaits a fresh vision to transform its full potential.This R3-zoned lot provides the flexibility to build up to 4 units (buyer to verify), and the city has issued permission to add a driveway for easy access. Nestled between Koreatown and Downtown LA, Westlake is known for its cultural vibrancy, walkable streets, and proximity to some of the city's most dynamic dining, shopping, and entertainment scenes. Minutes from MacArthur Park, an iconic Los Angeles landmark, and conveniently close to transit options, making it ideal for future tenants or residents looking for both a lively neighborhood and commuter convenience.2576 W 5th Street is a rare opportunity for the right investor to bring new housing to one of LA's most diverse and desirable urban settings. Property is sold as-is, and the seller, broker, and agents make no guarantees on zoning or usage.
Last checked:
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Last updated Nov 5, 2024
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MLS# CL24457627 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1940
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Levels:Multi/Split
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Architectural Style:Bungalow
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Building Area Total:656
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Building Area Units:Square Feet
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Building Area Source:Assessor Agent-Fill
Interior
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:656
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Living Area Units:Square Feet
Location
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Directions:North of 6th Street, Between Ocean View Ave and Co
The Property
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View:None
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View:false
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Property Type:Residential
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Property Subtype:Single Family Residence
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Lot Size Area:0.1321
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Lot Size Acres:0.1321
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Lot Size SqFt:5753
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Lot Size Units:Acres
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Zoning:LAR3
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Parcel Number:5155030024
Listing Agent
- Contact info:
- Agent phone:
- (310) 809-4656
Beds
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Bedrooms Total:1
Baths
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Total Baths:1
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Full Baths:1
Heating & Cooling
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Heating:None
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Heating:false
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Cooling:None
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Cooling:false
Appliances
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Laundry Features:Other
The Community
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Pool Private:false
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Pool Features:None
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:1
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Parking Features:On Street
Monthly cost estimate
Asking price
$795,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,256
|
| Taxes | N/A |
| Insurance | $218 |
| Utilities | $103 See report |
| Total | $4,577/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/28/24
Oct 28, 2024
|
Listed / Active | BRIDGE | $795,000 | |
|
11/25/09
Nov 25, 2009
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Sold | DAMLS | ||
|
3/31/03
Mar 31, 2003
|
Sold | DAMLS |
35% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $45k above asking price on average, but some went as high as $202k over asking price.
