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2511 W 5TH St

Los Angeles, CA 90057
  • $889,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 22-115475
UPDATED: 185 min ago
$889,000
  • 2
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,782
    SQFT
  • $499
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

Income-producing duplex in up-and-coming MacArthur Park neighborhood! This charming property consists of 2 units each with 1 bedroom and 1 bathroom, plus there is a non-conforming studio space with kitchenette and bathroom. Located on a quiet cul-de-sac in a rapidly developing neighborhood between Koreatown and Downtown Los Angeles, with multiple new luxury buildings being constructed in the surrounding areas, there is potential for appreciation and value-add opportunities. Additional features include 3 fireplaces, wood-panel built-in shelving, 2 single-car garages, 2 sets of laundry hookups, new fencing and lush landscaping for privacy, shared outdoor patio space, and new security camera. This lovely duplex is a great opportunity to own an income-producing investment property with upside potential.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. 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.
www.deserthouseseekers.com/homes/124472654
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2511 W 5TH St Los Angeles, CA 90057

  • Price: $889,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 185 min ago
  • MLS #: 22-115475
2
Beds
0
Baths
0
½ Baths
0.06
Acres
1,782
SQFT
$499
$/SQFT
1951
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Income-producing duplex in up-and-coming MacArthur Park neighborhood! This charming property consists of 2 units each with 1 bedroom and 1 bathroom, plus there is a non-conforming studio space with kitchenette and bathroom. Located on a quiet cul-de-sac in a rapidly developing neighborhood between Koreatown and Downtown Los Angeles, with multiple new luxury buildings being constructed in the surrounding areas, there is potential for appreciation and value-add opportunities. Additional features include 3 fireplaces, wood-panel built-in shelving, 2 single-car garages, 2 sets of laundry hookups, new fencing and lush landscaping for privacy, shared outdoor patio space, and new security camera. This lovely duplex is a great opportunity to own an income-producing investment property with upside potential.
Exterior Features

Lot Size Area 2396 Other Structures None Parking Garage GarageAssigned Patio Features Covered Porch Pool Description None Pool YN No Spa None Spa YN No Style Traditional Total Parking 2 View Description HillsCity View YN Yes

Interior Features

Baths Total 3.50 Common Walls Detached/No Common Walls Cooling None Equipment DishwasherRefrigeratorRange/OvenMicrowaveHood Fan Fireplace Rooms Living Room Flooring HardwoodTile Heating Central Laundry Other

Property Features

Assessed Total Value 321206 Gross Income 34416 Gross Operating Income 34416 Like Units1 1 Like Units2 1 Net Operating Income 26946.00 Number Of Buildings 1 Number Of Units 2 Owner Pays WaterGardener Sale Type Standard Security Features GatedOther Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasTrash Collection Total Annual Expense 7469 Type Of Units 1Bed/1Bath Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Juliette Hohnen DRE#01772623 of Douglas Elliman.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. 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.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210