3520 W 5th Street
Los Angeles, CA, 90020
$2,295,000
Beds
0 Baths
SqFt
0.24 Acres
Add
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.

Property Details

Price:
$2,295,000
MLS #:
24440381
Status:
Active
Baths:
0
Address:
3520 W 5th Street
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Sep 23, 2024
State:
CA
ZIP:
90020
Lot Size:
10,587 sqft / 0.24 acres (approx)
Year Built:
1950
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Interior

Cooling
None
Flooring
Wood, Laminate, Tile
Heating
Wall Furnace

Exterior

Garage Spaces
4.00
Parking Features
Community Structure, Detached Carport
Parking Spots
10.00
Stories Total
2

Financial

Tenant Pays
Gas, Electricity

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3520 W 5th Street
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