Listing Detail

2511 W 5th St, Los Angeles, CA

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Investment Highlights

  • Value-Add Opportunity in an Excellent Location Less Than Two Blocks to MacArthur Park, Proximate to Numerous Luxury Development Projects, and a Half-Mile to the Metro Red and Purple Lines

  • Property Offers Two One-Bedroom Units and a Non- Conforming Studio That May Potentially Be Converted to a Permitted ADU Utilizing New Legislation (Buyer to Verify)

  • Amenities Include Two Single-Car Garages, Laundry Hookups, and a Shared Fenced Patio/Backyard

2511 West 5th Street

Los Angeles, CA

3

Units 

$900,000

List Price

$505

Price/SF

2.94%

Cap Rate

Investment Overview

The Bogie Group of Marcus & Millichap is pleased to present to market 2511 West 5th Street, a value-add opportunity in Los Angeles’ increasingly redeveloping MacArthur Park neighborhood. This property is in an excellent location poised for appreciation proximate to numerous luxury development projects, less than two blocks to MacArthur Park, and a half-mile to the Metro Red and Purple lines.

2511 West 5th Street is a 1951 construction that consists of two one-bedroom/one-bath units with 15 percent rental upside and a non-conforming studio that may potentially be converted to a permitted ADU by utilizing recent legislation (buyer to verify). The property also offers two single-car garages, laundry hookups, new privacy fencing, lush landscaping, a shared patio/backyard, and a new security camera.

Download Offering Memorandum

Exclusively listed by

DOKeefe.jpg

Jessica Wright

Associate

License: CA 02112114

(424) 405-3887

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David O'Keefe

First Vice President Investments

License: CA 01928739

(424) 405-3844