3520 West 5th Street

Los Angeles, CA 90020

$2,295,000
Price
10,587 / 0.24
Lot Size / Acres
a view of a building with a yard
a front view of a house with a garden and plants
a view of a swimming pool with a patio
a car parked in front of a building
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a view of an empty walk in closet
a close up view of washer and dryer
a close up of a shower
a view of empty room with wooden floor and fan
a view of a room with wooden floor and cabinet
an empty room with wooden floor and windows
a view of a room with wooden floor and white walls
a bathroom with a sink a toilet and a bathtub
a view of a bedroom with wooden floor and a bathroom
a bathroom with a sink and a bathtub
a bathroom with a sink and a mirror
a bathroom with a sink and a mirror
a white toilet sitting next to a shower
wooden floor in an empty room with a window
a view of a closet in a room
a view of empty room with wooden floor and fan
a view of empty room with wooden floor
a view of an empty room with wooden floor and a window
a view of empty room with wooden floor
a view of empty room with wooden floor and fan
a kitchen with a stove and a sink
a kitchen with stainless steel appliances granite countertop a refrigerator stove sink and cabinets
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a kitchen with stainless steel appliances a stove and a microwave
a kitchen with white cabinets and sink
a view of empty room with wooden floor and fan
a view of an empty room with wooden floor and a window
a view of empty room with wooden floor and fan
a view of empty room with wooden floor
a view of an empty room
a view of an empty room
a view of an empty room with wooden floor fireplace and a window
a view of an empty room with wooden floor and a window
a view of empty room with wooden floor and fireplace
a view of an empty room with wooden floor and a window
a view of empty room with wooden floor
a view of a room with wooden floor and bench
a room with a fireplace and a chair
a front view of a house with a garden
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a front view of a house with a garden
a front view of a house with garden
a front view of a house with garden
a front view of a house with garden
a front view of a house with garden

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-Rightbased on R4-2 zoning, Tier 3 TOC Zone. Density Bonus added. Opportunity Zone. (Independently verify with City Planning and/or other planning professionals) (PropertyReport available on request) Option 3 - Hold as conventional rental and develop later. ADU concepts based on a Consultant Schematic. ADU units and associated rents areprojected....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-Rightbased on R4-2 zoning, Tier 3 TOC Zone. Density Bonus added. Opportunity Zone. (Independently verify with City Planning and/or other planning professionals) (PropertyReport available on request) Option 3 - Hold as conventional rental and develop later. ADU concepts based on a Consultant Schematic. ADU units and associated rents areprojected. The rather conventional 50s exterior belies the interior vintage style. Unit interiors average just under 1500 SF. Most units retain vintage design touches withupdated 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, anddid 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. Severalexterior virtual pictures including the main photo showing many color options have been added to the photos along with the current interior & exterior property photos. Clickon 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.
  1. Listed by Wes Wellman • DRE #00467451 • Brokerage DRE #00467451 • Wellman Realty Co.

Property Details for 3520 West 5th Street

Zoning
LAR4
Parcel Number
5502021007
Area
Mid-Wilshire (C17)
Lot Size Area
10587
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
5502-021-007
Directions
5th Street & Kenmore
LISTING UPDATED: 11/07/2024 03:30 PM

Property Details for 3520 West 5th Street

StatusActive
MLS #24-444893
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.24 AC
CountyLos Angeles County

Building Information for 3520 West 5th Street

Lot Size0.24 AC

Property Information for 3520 West 5th Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: City
  • View: City Lights
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Property Report
  • Lot Acreage: 0.243
  • Lot Size Square Feet: 10587
  • Telephone: 1.0
  • Telephone Service: On Property
  • Cable: 1.0
  • Public Street: Yes
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 09-25-2024

Property History for 3520 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 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
Rfk Community Schools - Ambassador School - Global Education
Public - K to 5
Rfk Community Schools-New Open World Academy K-12
Public - K to 12
UCLA Community School
Public - K to 12
Young Oak Kim Academy
Public - 6 to 8
Rating
School
Distance
Rfk Community Schools - Ambassador School - Global Education
PublicK to 5

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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More information about 3520 West 5th Street, Los Angeles, CA 90020

3520 West 5th Street is a 0.24 ac of land for sale in Los Angeles, CA 90020. This property was listed for sale on September 23, 2024 by Wellman Realty Co., it's currently listed at $2,295,000. It has been on the market for a total of 57 days and was last sold on January 26, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include Rfk Community Schools - Ambassador School - Global Education, Rfk Community Schools-New Open World Academy K-12 and UCLA Community School. 3520 West 5th Street is a 0-bed, 0-bath, 0.24 ac of land on a 10,587 sq. ft. / 0.24 acres lot.

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 Wellman Realty Co., Wes Wellman, DRE #00467451

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.