3520 West 5th Street
$2,295,000
12
12
8,956
8,956
$256
Virtual Tour
Description
3 or More Options - Option 1 - Hold as conventional rental and add 2 ADUs; Option 2 - Develop-Build up to 50 potential units with AB 1287 or 26 units By-Right based on R4-2 zoning, Tier 3 TOC Zone. Density Bonus added. Opportunity Zone. (Independently verify with City Planning and/or other planning professionals) (Property Report available on request) Option 3 - Hold as conventional rental and develop later. ADU concepts based on a Consultant Schematic. ADU units and associated rents are projected....3 or More Options - Option 1 - Hold as conventional rental and add 2 ADUs; Option 2 - Develop-Build up to 50 potential units with AB 1287 or 26 units By-Right based on R4-2 zoning, Tier 3 TOC Zone. Density Bonus added. Opportunity Zone. (Independently verify with City Planning and/or other planning professionals) (Property Report available on request) Option 3 - Hold as conventional rental and develop later. ADU concepts based on a Consultant Schematic. ADU units and associated rents are projected. The rather conventional 50s exterior belies the interior vintage style. Unit interiors average just under 1500 SF. Most units retain vintage design touches with updated modern amenities. More like homes than apartments, the units give the sense of being in a charming Hancock Park home. A truly, one-of-a kind building. Oh, and did I mention it's smack dab in the middle of the Korea Town scene. Short distance to the iconic Chapman Plaza and public transportation. WalkScore.com: 95. Several exterior virtual pictures including the main photo showing many color options have been added to the photos along with the current interior & exterior property photos. Click on video links to see drone view. Gross income includes parking, laundry and other income in addition to projected rents for the possible addition of ADUs.
- Listed by Wes Wellman • DRE #00467451 • Brokerage DRE #00467451 • Wellman Realty Co.
Property Details for 3520 West 5th Street
Zoning
LAR4-2 Tier 3 TOC
Parcel Number5502021007
Total Units6.0
Living Area8956
Source Living AreaVendor Enhanced
AreaMid-Wilshire (C17)
Vacancy Rate5%
Lot Size Area10587
LISTING UPDATED: 11/07/2024 03:30 PM
Property Details for 3520 West 5th Street
Status | Active |
---|---|
MLS # | 24-440381 |
Days on Market | 86 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1950 |
Lot Size | 0.24 AC / 10,587 SF |
County | Los Angeles County |
Virtual Tour
Building Information for 3520 West 5th Street
Stories2Residences-Year Built1950Building Size-Lot Size0.24 AC / 10,587 SF
Property Information for 3520 West 5th Street
Property History for 3520 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 3520 West 5th Street
Taxable ValueLand$443,181Additions$230,449Total$673,630
Tax Record2024$9,636 ($803 / month)
Home Facts
Total Finished SqFt8,956 SqFtAbove Grade Finished SqFt8,956 SqFtLot Size10,584 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLAR4CountyLOS ANGELESAPN5502-021-007
Schools near 3520 West 5th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | K to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
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Rfk Community Schools-New Open World Academy K-12 PublicK to 12 | ||
UCLA Community School PublicK to 12 | ||
Young Oak Kim Academy Public6 to 8 |
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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