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2576 W 5Th Street

Los Angeles, CA 90057

$795,000

List Price

1

bed Beds

1

shower Baths

656 sqft

straighten / sqft

1940

calendar_month Built

Property 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 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.

Listing Information

List Price $795,000
Status Active
MLS 24457627
Type Residential
Subtype Single Family Residence
Year Built 1940
Lot Size 5,753
Structure Size 656
DOM 8
Courtesy Of The Agency
Listing Agent Marc Silver DRE#01875513

Interior Features

Laundry Information
Location(s) Outside
Total Bedroom
Bedrooms 1
Total Bathroom
Bathrooms 1
Fireplace Information
Features None
Additional Information
Additional Features Loft
Cooling Type
Cooling Type None

Exterior Information

Maps

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Listing information courtesy of: Marc Silver, The Agency 310-809-4656. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 5th, 2024 at 1:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.