24 days on rocket

2576 W 5th St, Los Angeles, CA, 90057

$795,000

Home List Price

$9,441*

Closing Credit

1 Bedroom
1 Full Bath
656 SqFt
$1,212/SqFt
House

Location

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2576 W 5th St, Los Angeles$795,000

Buyer Closing Credits

$9,441*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingOn Street
Year Built1940
HeatingNone
CoolingNone
FireplaceNone
ViewNone
MLS #24457627
Lot Size0.13 Acres
StatusActive

About 2576 W 5th St

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 Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1940
  • Stories: 2
  • Living Area: 656 SqFt

Listing Office:

  • Office Name: The Agency
  • Office Phone: (424) 230-3700
  • Listing Agent: Marc Silver

Interior Features

Interior Information:

  • Interior: Loft
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: North of 6th Street, Between Ocean View Ave and Coronado Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $795,000
  • Price Per SqFt: $1,212/SqFt

Tax Information:

  • Annual Amount: $4,962
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

2576 W 5th St vs Los Angeles

24 DAYS ON ROCKET

-14 Days

$795,000

-$228.4K Less

$1,212/SqFt

+$571 More

KEY TAKEAWAY

This property is $228.4K less than the Median Sold Price and $571/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24457627

Listing Office:

  • Office Name: The Agency
  • Office Phone: (424) 230-3700
  • Listing Agent: Marc Silver

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 25, 2009Home Sold
$340,000
Oct 15, 2002Home Sold
$235,000
Jul 19, 2000Home Sold
$116,500

Tax History

YEARPROP. TAXASSESSMENT
2021$4,962$405,446
2020$4,815$401,289
2019$4,798$393,422
2018$4,697$385,709
2017$4,697$378,147

History based on county public records data.

Payment Calculator

$4,035

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,450

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-521684
6
/10

  • Charles White Elementary

  • 2401 Wilshire Blvd

  • 0.23 miles

  • Public District Grades 1-5

school-card-donut-521685
4
/10

  • MacArthur Park Elementary School

  • 2300 W 7th St

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-521686
7
/10

  • Hoover Street Elementary

  • 2726 Francis Ave

  • 0.61 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,239. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2576 W 5th St

What is the listing price of this property?

The listing price of 2576 W 5th St property is $795,000.

What type of property is this?

The property 2576 W 5th St is a house located in Los Angeles, California, 90057.

Is this property for sale now?

Active Listing: 2576 W 5th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,962 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 25, 2009 for $340,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2576 W 5th St has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 2576 W 5th St is 656 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2576 W 5th St is 1940.

Rocket Homes›California›Los Angeles County›Los Angeles›90057›2576 W 5th St

This home is located at 2576 W 5th St in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This 656 square foot home, which was built in 1940, sits on a 0.13 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $795,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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