$2,295,000
3520 W 5th ST Los Angeles, CA 90020
38
See all 38 photos
$2,295,000
Est. payment /mo
12 BD
12 BA
8,956 SqFt
Active
3520 W 5th ST Los Angeles, CA 90020
UPDATED:
11/07/2024 11:43 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,956 sqft
Price per Sqft $256
MLS Listing ID 24440381
Bedrooms 12
HOA Y/N No
Year Built 1950
Lot Size 10,585 Sqft
Property Description
3 or More Options - Option 1 - Hold as conventional rental and add 2 ADUs; Option 2 - Develop-Build up to 50 potential units with AB 1287 or 26 units By-Right based on R4-2 zoning, Tier 3 TOC Zone. Density Bonus added. Opportunity Zone. (Independently verify with City Planning and/or other planning professionals) (Property Report available on request) Option 3 - Hold as conventional rental and develop later. ADU concepts based on a Consultant Schematic. ADU units and associated rents are projected. The rather conventional 50s exterior belies the interior vintage style. Unit interiors average just under 1500 SF. Most units retain vintage design touches with updated modern amenities. More like homes than apartments, the units give the sense of being in a charming Hancock Park home. A truly, one-of-a kind building. Oh, and did I mention it's smack dab in the middle of the Korea Town scene. Short distance to the iconic Chapman Plaza and public transportation. WalkScore.com: 95. Several exterior virtual pictures including the main photo showing many color options have been added to the photos along with the current interior & exterior property photos. Click on video links to see drone view. Gross income includes parking, laundry and other income in addition to projected rents for the possible addition of ADUs.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4-2 Tier 3 TOC
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile, Wood
Fireplace No
Exterior
Garage Detached Carport, Community Structure
Garage Spaces 4.0
Carport Spaces 4
Garage Description 4.0
Parking Type Detached Carport, Community Structure
Attached Garage No
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5502021007
Special Listing Condition Standard
Listed by Wes Wellman • Wellman Realty Co.
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