Active

2511 W 5th

Los Angeles, CA 90057

$1,150,000 $4,848/Mo

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Overview

Bed

Bath

1,782

Sqft

2,396

Sqft(Lot)

Description

2511 W. 5th St presents a compelling value-add duplex opportunity in the highly sought-after Westlake/Koreatown corridor of Los Angeles. Built in 1951, this income-producing multifamily property offers approximately 1,782 square feet across two 1-bedroom, 1-bath units, making it an ideal owner-user or investment property with strong rental upside. Each unit features functional layouts, laundry and dedicated garage parking, while the upper unit enjoys a peek-a-boo view of the Hollywood Sign from a private deck. The property also includes an original non-conforming studio with kitchenette and 3/4 bath. Presenting a unique opportunity to expand the building's square footage footprint. For investors seeking ADU expansion potential, the property comes with City-approved plans to convert t he existing studio into a fully permitted Accessory Dwelling Unit, offering a clear path to increased cash flow and improved property value. The two one car garages offer the opportunity for a second ADU. Positioned on a quiet cul-de-sac in a rapidly evolving pocket of Westlake, the property benefits from close proximity to Koreatown, Downtown Los Angeles, major employment centers, dining, and transit options. The surrounding area continues to see significant redevelopment and new multifamily construction, supporting long-term appreciation and strong tenant demand. Online rental projections indicate a healthy upside on pro-forma returns for investors. Whether you're looking for a turnkey duplex with upside, an owner-user opportunity, or a strategic value-add investment with ADU potential, 2511 W. 5th St offers a rare opportunity in one of Los Angeles’ most active rental markets.

Property Details

Property Type : Residential Income

Price : $1,150,000

AD Id : 75887836

MLS Id : PW26049092

Beds : 2

Lot Size : 2,396 Sqft

Living Area Size : 1,782

Year Built : 1951

Garage : 2

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Shingle Fireplace: Living Room
Cooling Features

None Air Conditioning

Heating Source

Forced Air Has Heating

Fireplace

Fireplace Features: Living Room Has Fireplace: 1

Building Information

Year Built: 1951 Building Area Total: 1,782 Roof: Shingle
Pool Features

None

Laundry Features

Inside,In Garage

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.055
Lot Size Source: Assessor Lot Size Square Feet: 2396

Listing Price Information

Original List Price: 1,150,000 Listing Contract Date: 2026-03-04
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5155031028

Garage and Parking

Garage Description: Garage

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Directions: From MacArthur Park, go North on S. Park View, Left on Ocean View, Right onS. Park View, Left on 5th St. Source Property Type: Residential Income Area: C42 - Downtown L.A. Property SubType: Duplex
Building and Construction

Property Age: 75 Common Walls: 1 Common Wall Structure Type: Duplex Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2021 Miramar Street, Los Angeles, CA, 90057	$1,499,999	5	3	2,466	2,466 SqFt
247 S Carondelet Street, Los Angeles, CA, 90057	$1,690,000	2	2	1,424	1,424 SqFt
559 S Coronado, Los Angeles, CA, 90057	$1,099,000	4	4	3,175	3,175 SqFt
221 S Reno, Los Angeles, CA, 90057	$1,200,000	4	2	3,136	3,136 SqFt

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ByOwner last updated this listing 06/10/2026 @ 12:06

MLS: PW26049092 LISTED BY: Daniel Casado, Casado Real Estate Inc. 562-316-0077 SOURCE: CRMLS