2576 West 5th Street

Los Angeles, CA 90057

$795,000
Price
1
Beds
1
Bath
656 Sq. Ft.
$1,212 / Sq. Ft.
656
Sq. Ft.
$1,212
per Sq. Ft.

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...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.
  1. Listed by Marc Silver • DRE #01875513 • Brokerage DRE #01738973 • The Agency

Property Details for 2576 West 5th Street

Zoning
LAR3
Style
Bungalow
Parcel Number
5155030024
Living Area
656
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Lot Size Area
5753
Source Lot Size Area
Assessor
LISTING UPDATED: 12/03/2024 10:15 AM

Property Details for 2576 West 5th Street

StatusActive
MLS #24-457627
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1940
Lot Size0.13 AC / 5,753 SF
CountyLos Angeles County

Building Information for 2576 West 5th Street

Stories2Year Built1940Building Size-Lot Size0.13 AC / 5,753 SF

Property Information for 2576 West 5th Street

Community / Development
Community / Development
  • HOA: No
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1321
  • Lot Size Square Feet: 5753
  • Lot Size Dimensions: 80x72
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: On street
  • Total Parking: 1
  • Parking Features: Street
Interior Features
Interior Features
  • Room Type: Loft
  • Rooms: Loft
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Furnished: Unfurnished
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Flooring: Mixed
  • Equipment: Range/Oven
  • Common Walls: Detached/No Common Walls
  • Laundry: Outside, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-28-2024

Property History for 2576 West 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2576 West 5th Street

Taxable ValueLand$335,354Additions$94,905Total$430,259
Tax Record2024$5,363 ($447 / month)
Home Facts
Beds1Total Finished SqFt656 SqFtAbove Grade Finished SqFt656 SqFtStories2Lot Size5,751 SqFtStyleSingle Family ResidenceYear Built1940ZoningLAR3CountyLOS ANGELESAPN5155-030-024

Schools near 2576 West 5th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Charles White Elementary School
Public1 to 5

John H. Liechty Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2576 West 5th Street is a single family home for sale in Los Angeles, CA 90057. This property was listed for sale on October 28, 2024 by The Agency, it's currently listed at $795,000. It has been on the market for a total of 54 days and was last sold on November 25, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include Charles White Elementary School, John H. Liechty Middle School and Academic Leadership Community School. 2576 West 5th Street is a 1-bed, 1-bath, 656 sqft single family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency, Marc Silver, DRE #01875513

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.