2511 W 5th Los Angeles, CA 90057
2,395 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26049092
HOA Y/N No
Year Built 1951
Lot Size 2,395 Sqft
Property Sub-Type Duplex
Property Description
Each unit features functional layouts, laundry and dedicated garage parking, while the upper unit enjoys a peek-a-boo view of the Hollywood Sign from a private deck. The property also includes an original non-conforming studio with kitchenette and 3/4 bath. Presenting a unique opportunity to expand the building's square footage footprint.
For investors seeking ADU expansion potential, the property comes with City-approved plans to convert the existing studio into a fully permitted Accessory Dwelling Unit, offering a clear path to increased cash flow and improved property value. The two one car garages offer the opportunity for a second ADU.
Positioned on a quiet cul-de-sac in a rapidly evolving pocket of Westlake, the property benefits from close proximity to Koreatown, Downtown Los Angeles, major employment centers, dining, and transit options. The surrounding area continues to see significant redevelopment and new multifamily construction, supporting long-term appreciation and strong tenant demand.
Online rental projections indicate a healthy upside on pro-forma returns for investors.
Whether you're looking for a turnkey duplex with upside, an owner-user opportunity, or a strategic value-add investment with ADU potential, 2511 W. 5th St offers a rare opportunity in one of Los Angeles' most active rental markets.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Heating Forced Air
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Laundry Inside, In Garage
Exterior
Parking Features Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights
View Y/N Yes
View City Lights, Neighborhood, Peek-A-Boo
Roof Type Shingle
Total Parking Spaces 2
Private Pool No
Building
Lot Description Cul-De-Sac
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5155031028
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Submit
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953