2511 West 5th Street

Los Angeles, CA 90057

$750,000
Last Sold Price
2
Beds
3.5
Baths
1,782 Sq. Ft.
$421 / Sq. Ft.
1,782
Sq. Ft.
$421
per Sq. Ft.

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...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.
  1. Listed by Juliette Hohnen • DRE #01772623 • Brokerage DRE #01883938 • Douglas Elliman

Property Details for 2511 West 5th Street

Zoning
LAR3
Style
Traditional
Parcel Number
5155031028
Total Units
2.0
Living Area
1782
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0

Location

Listing Courtesy of Douglas Elliman, Juliette Hohnen, DRE #01772623

Sold By Casado Real Estate Inc., Daniel Casado, DRE #01920041

Add your commute
LISTING UPDATED: 03/08/2022 02:57 PM

Property Details for 2511 West 5th Street

StatusSold
MLS #22-115475
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.06 AC / 2,396 SF
CountyLos Angeles County

Location

Listing Courtesy of Douglas Elliman, Juliette Hohnen, DRE #01772623

Sold By Casado Real Estate Inc., Daniel Casado, DRE #01920041

Add your commute

Building Information for 2511 West 5th Street

Stories3Residences-Year Built1951Building Size-Lot Size0.06 AC / 2,396 SF

Payment Calculator

$4,878 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$785

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2511 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: 3
  • Number Of Buildings: 1
  • Type Of Units: 1bed/1bath
  • View: Yes
  • View Description: Hills, City
  • View: Hills, City Lights
  • Security Features: Gated, Other
Contract Info
Contract Info
  • Disclosures: As Is, Listing Broker Advantage
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $34,416
  • Net Operating Income: $26,946.00
  • Gross Income: $34,416
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $34,416.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 7469
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.055
  • Lot Size Square Feet: 2396
Parking Details
Parking Details
  • Parking Garage: Garage, Assigned
  • Total Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage, Assigned
Interior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Tile
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Microwave, Hood Fan
  • Common Walls: Detached/No Common Walls
  • Laundry: Other
  • Virtual Tour Url: http://2511West5th.com/mls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Patio Features: Covered Porch
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-05-2022
  • Tenant Pays: Electricity, Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,318.00
  • Unit Actual Rent: $1,318.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Dishwasher: 2
  • Number of Disposal: 2
  • Number of Electric Meters: 2
  • Number of Gas Meters: 2
  • Number Leased: 2
  • Number Patio: 1
  • Number Range: 2
  • Number Refrigerator: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $83,273.00
  • Assessed Improvement Percent: 25.93
  • Assessed Land Value: $237,933.00
  • Assessed Land Percent: 74.07
  • Assessed Total Value: $321,206.00

Property History for 2511 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 2511 West 5th Street

Taxable ValueLand$510,000Additions$255,000Total$765,000
Tax Record2023$9,420 ($785 / month)
Home Facts
Total Finished SqFt1,782 SqFtAbove Grade Finished SqFt1,782 SqFtLot Size2,396 SqFtStyleDuplexYear Built1951ZoningLAR3CountyLOS ANGELESAPN5155-031-028

Schools near 2511 West 5th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Charles White Elementary School
Public1 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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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 Douglas Elliman, Juliette Hohnen, DRE #01772623

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.