1805 West 5th Street

Los Angeles, CA 90057

$995,000
Price
3
Beds
2
Baths
1,704 Sq. Ft.
$584 / Sq. Ft.
1,704
Sq. Ft.
$584
per Sq. Ft.

Description

Nestled in a sought-after neighborhood, this lucrative duplex presents an exceptional opportunity for investors and owner-occupants alike. Each unit in this charming property offers spacious living areas, well-appointed kitchens, and comfortable bedrooms. Upper unit has additional loft space. The pride of ownership is evident throughout, with meticulous maintenance and thoughtful updates enhancing the building's original character. For the savvy investor, the existing rental income speaks for itself,...Nestled in a sought-after neighborhood, this lucrative duplex presents an exceptional opportunity for investors and owner-occupants alike. Each unit in this charming property offers spacious living areas, well-appointed kitchens, and comfortable bedrooms. Upper unit has additional loft space. The pride of ownership is evident throughout, with meticulous maintenance and thoughtful updates enhancing the building's original character. For the savvy investor, the existing rental income speaks for itself, making this an attractive asset with a reliable income stream. Furthermore, the owner is amenable to tenant relocations during escrow, providing flexibility for those looking to reposition the property or occupy one of the units. Owner-occupants will find this duplex particularly appealing, as it allows for the convenience of living in one unit while enjoying the financial benefits of renting out the other. Whether you're looking to offset your mortgage or simply invest in your future, this property promises to be a wise financial decision with its strong income potential and outstanding location.
  1. Listed by Olga Mysse • DRE #01923120 • Brokerage DRE #01923120 • Nos Real Estate

Property Details for 1805 West 5th Street

Zoning
LAR4
Parcel Number
5154024002
Total Units
2.0
Living Area
1704
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
6000

Location

Listing Courtesy of Nos Real Estate, Olga Mysse, DRE #01923120
Add your commute
LISTING UPDATED: 04/18/2024 12:01 AM

Property Details for 1805 West 5th Street

StatusActive
MLS #24-378743
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size0.14 AC / 6,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Nos Real Estate, Olga Mysse, DRE #01923120
Add your commute

Building Information for 1805 West 5th Street

Stories1Residences-Year Built1900Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$6,278 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,430

Property Taxes

$848

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1805 West 5th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 2+1
  • Property Condition: Updated/Remodeled
  • Water: Meter on Property
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: New
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $45,321
  • Net Operating Income: $45,321.00
  • Gross Income: $45,321
  • Gross Rent Multiplier: $21.95
  • Actual Annual Gross Rent: $45,321.00
  • Actual Gross Annual Income: $45,321
  • Total Annual Expense: 4800
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1377
  • Lot Size Square Feet: 6000
  • Lot Size Dimensions: 40x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 2
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Equipment: Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-10-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,060.80
  • Unit Actual Rent: $2,060.80
  • Unit Projected Rent: $2,100.00
  • Like Units: 180
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,716.00
  • Unit Actual Rent: $1,716.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 180
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $112,876.00
  • Assessed Improvement Percent: 43.1
  • Assessed Land Value: $148,998.00
  • Assessed Land Percent: 56.9
  • Assessed Total Value: $261,874.00

Property History for 1805 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 1805 West 5th Street

Taxable ValueLand$148,998Additions$112,876Total$261,874
Tax Record2023$10,180 ($848 / month)
Home Facts
Total Finished SqFt1,704 SqFtAbove Grade Finished SqFt1,704 SqFtStories1Lot Size6,000 SqFtStyleDuplexYear Built1900ZoningLAR4CountyLOS ANGELESAPN5154-024-002

Schools near 1805 West 5th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Esperanza Elementary School
PublicK to 5

John H. Liechty Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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1805 West 5th Street is a multi-family home for sale in Los Angeles, CA 90057. This property was listed for sale on April 10, 2024 by Nos Real Estate, it's currently listed at $995,000. It has been on the market for a total of 21 days and was last sold on September 29, 2010. This listing's school district is Los Angeles Unified School District. Nearby schools include Esperanza Elementary School, John H. Liechty Middle School and Academic Leadership Community School. 1805 West 5th Street is a 3-bed, 2-bath, 1,704 sqft multi-family home built in 1900.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nos Real Estate, Olga Mysse, DRE #01923120

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.