2511 W 5th St, Los Angeles, CA
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
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.