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2576 5th Street
Los Angeles, CA 90057
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.
PROPERTY INFORMATION
| MLS # | 24457627 | Lot Size | 5,753 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Single Family Residence |
| Price | $ 795,000
Price Per SqFt: $ 1,212 |
DOM | 214 Days |
| Address | 2576 5th Street | Type | Residential |
| City | Los Angeles | Sq.Ft. | 656 Sq. Ft. |
| Postal Code | 90057 | Garage | N/A |
| County | Los Angeles | Year Built | 1940 |
| Bed / Bath | 1 / 1 | Parking | 1 |
| Built In | 1940 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Outside |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Has Heating | No |
| Heating Information | None |
| Room Information | Loft |
| Has Cooling | No |
| Cooling Information | None |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $848
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/28/2024 | Listed | $795,000 |
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Listing provided courtesy of Marc Silver, The Agency. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
