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Outstanding development opportunity in the thriving Westlake neighborhood. Situated on a nearly 6000-square-foot lot, 2576 W 5th Street offers a prime development opportunity in a central Los Angeles location. The current structure, a single-family home, in need of extensive renovation, awaits a fresh vision to transform its full potential.This R3-zoned lot provides the flexibility to build up to 4 units (buyer to verify), and the city has issued permission to add a driveway for easy access. Nestled between Koreatown and Downtown LA, Westlake is known for its cultural vibrancy, walkable streets, and proximity to some of the city's most dynamic dining, shopping, and entertainment scenes. Minutes from MacArthur Park, an iconic Los Angeles landmark, and conveniently close to transit options, making it ideal for future tenants or residents looking for both a lively neighborhood and commuter convenience.2576 W 5th Street is a rare opportunity for the right investor to bring new housing to one of LA's most diverse and desirable urban settings. Property is sold as-is, and the seller, broker, and agents make no guarantees on zoning or usage.
Property Type(s):
Single Family
| Last Updated | 10/28/2024 | Year Built | 1940 |
|---|---|---|---|
| Community | Downtown L.A. | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Downtown L.A. |
| GARAGE | On Street |
| HEAT | None |
| INTERIOR | Loft |
| LOT | 5753 sq ft |
| LOT DIMENSIONS | 80x72 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Bungalow |
| VIEW DESCRIPTION | None |
| ZONING | LAR3 |
Location
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Listed with The Agency
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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