CA > Los Angeles
Los Angeles, CA 90020,3520 W 5th ST
Los Angeles, CA 90020,3520 W 5th ST
Los Angeles, CA 90020,3520 W 5th ST
Los Angeles, CA 90020,3520 W 5th ST
Los Angeles, CA 90020,3520 W 5th ST
Los Angeles, CA 90020,3520 W 5th ST
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Alfredo Guzman

Alfredo Guzman

+1(562) 786-5418
$ 2,295,000
Est. payment | /mo

12 Beds

12 Baths

8,956 SqFt

Save Video Tour
$ 2,295,000
Est. payment | /mo
Save Video Tour

12 Beds

12 Baths

8,956 SqFt

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

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

Parking Features Detached Carport, Community Structure

Garage Spaces 4.0

Carport Spaces 4

Garage Description 4.0

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

California Regional MLS (CRMLS)
Listed by Wes Wellman • Wellman Realty Co.
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3520 W 5th ST