3520 W 5th Street
Los Angeles, CA 90020
8956 sqft | 12 beds | 0.24 acres | #24440381
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.
Interior Details
- Bedrooms12
Property Details
- Stories2
Measurements
- Acres0.243
- Square Feet8956
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1950
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,495,000
Other
- MLS #24440381
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Wes Wellman (#CLW-X14544)
Listing Office: Wellman Realty Co. (#CLW-X70818)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
