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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 795,000

Est. payment -/mo

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2576 W 5th ST Los Angeles, CA 90057

1 Bed

1 Bath

656 SqFt

UPDATED:

11/05/2024 01:12 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 656 sqft

Price per Sqft $1,211

MLS Listing ID 24457627

Bedrooms 1

Full Baths 1

HOA Y/N No

Year Built 1940

Lot Size 5,754 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Rooms

Ensuite Laundry Outside

Interior

Interior Features Loft

Laundry Location Outside

Heating None

Cooling None

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Laundry Outside

Exterior

Garage On Street

Pool None

View Y/N No

View None

Parking Type On Street

Total Parking Spaces 1

Private Pool No

Building

Story 2

Entry Level Multi/Split

Architectural Style Bungalow

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5155030024

Special Listing Condition Standard

Listed by Marc Silver • The Agency

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

2576 W 5th ST Los Angeles, CA 90057

Key Details

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Rooms

Interior

Exterior

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Others

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2576 W 5th ST