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Multifamily

2511 W 5th St

2511 W 5th St, Los Angeles, CA 90057

Listing Price: $900,000

Cap Rate
2.94%
Number of Units
3
Price/Unit
$300,000
Price/Gross SF
$505.05
Gross SF
1,782

Investment Overview

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.

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

Exclusively Listed By

Listing Price: $900,000

Cap Rate
2.94%
Number of Units
3
Price/Unit
$300,000
Price/Gross SF
$505.05
Gross SF
1,782

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

Investment Overview

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.

Exclusively Listed By

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