2576 West 5th Street
$795,000
1
1
656
656
$1,212
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.
- Listed by Marc Silver • DRE #01875513 • Brokerage DRE #01738973 • The Agency
Property Details for 2576 West 5th Street
Zoning
LAR3
StyleBungalow
Parcel Number5155030024
Living Area656
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Lot Size Area5753
Source Lot Size AreaAssessor
LISTING UPDATED: 12/03/2024 10:15 AM
Property Details for 2576 West 5th Street
Status | Active |
---|---|
MLS # | 24-457627 |
Days on Market | 54 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1940 |
Lot Size | 0.13 AC / 5,753 SF |
County | Los 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
Property History for 2576 West 5th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Contreras Learning Center-School Of Social Justice 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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