2 months on rocket

3520 W 5th St, Los Angeles, CA, 90020

$2,295,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
12 Baths
8,956 SqFt
$256/SqFt
House

Location

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3520 W 5th St, Los Angeles$2,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingDetached Carport, Community Structure
Garage4 spaces
Year Built1950
HeatingWall Furnace
CoolingNone
MLS #24440381
Lot Size0.24 Acres
StatusActive

About 3520 W 5th St

3 or More Options - Option 1 - Hold as conventional rental and add 2 ADUs; Option 2 - Develop-Build up to 50 potential units with AB 1287 or 26 units By-Right based on R4-2 zoning, Tier 3 TOC Zone. Density Bonus added. Opportunity Zone. (Independently verify with City Planning and/or other planning professionals) (Property Report available on request) Option 3 - Hold as conventional rental and develop later. ADU concepts based on a Consultant Schematic. ADU units and associated rents are projected. The rather conventional 50s exterior belies the interior vintage style. Unit interiors average just under 1500 SF. Most units retain vintage design touches with updated modern amenities. More like homes than apartments, the units give the sense of being in a charming Hancock Park home. A truly, one-of-a kind building. Oh, and did I mention it's smack dab in the middle of the Korea Town scene. Short distance to the iconic Chapman Plaza and public transportation. WalkScore.com: 95. Several exterior virtual pictures including the main photo showing many color options have been added to the photos along with the current interior & exterior property photos. Click on video links to see drone view. Gross income includes parking, laundry and other income in addition to projected rents for the possible addition of ADUs.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 2
  • Living Area: 8,956 SqFt

Listing Office:

  • Office Name: Wellman Realty Co.
  • Office Phone: (310) 829-7423
  • Listing Agent: Wes Wellman

Interior Features

Interior Information:

  • Flooring Type: Laminate, Tile, Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Detached Carport, Community Structure

Virtual/3D Tour

  • Virtual Tour: 3520 W 5th St
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: North of Wilshire, East of Normandie

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,295,000
  • Price Per SqFt: $256/SqFt

Tax Information:

  • Annual Amount: $8,938
  • 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

1346

3520 W 5th St vs Los Angeles

85 DAYS ON ROCKET

+47 Days

$2,295,000

+$1.2M More

$256/SqFt

-$384 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $384/SqFt less 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: #24440381

Listing Office:

  • Office Name: Wellman Realty Co.
  • Office Phone: (310) 829-7423
  • Listing Agent: Wes Wellman

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: 12/19/2024, 7:20:58 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

Jan 26, 2001Home Sold
$456,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,938$634,779
2020$8,702$628,271
2019$8,462$615,953
2018$8,258$603,877
2017$8,258$592,037

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,947

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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-201253
3
/10

  • RFK Community Schools - Ambassador School of Global Education

  • 3201 W 8th St

  • 0.48 miles

  • Public District Grades KG-5

school-card-donut-201254
6
/10

  • Frank Del Olmo Elementary School

  • 100 N New Hampshire Ave

  • 0.58 miles

  • Public District Grades KG-5

school-card-donut-201255
6
/10

  • Cahuenga Elementary School

  • 220 S Hobart Blvd

  • 0.63 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 $48,143. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3520 W 5th St

What is the listing price of this property?

The listing price of 3520 W 5th St property is $2,295,000.

What type of property is this?

The property 3520 W 5th St is a house located in Los Angeles, California, 90020.

Is this property for sale now?

Active Listing: 3520 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 $8,938 (source: MLS/based on county public records data).

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

The last sale was on January 26, 2001 for $456,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3520 W 5th St has 12 bedrooms and 12 bathrooms.

What is the square footage of this property?

The property 3520 W 5th St is 8,956 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3520 W 5th St is 1950.

Rocket Homes›California›Los Angeles County›Los Angeles›90020›3520 W 5th St

This home is located at 3520 W 5th St in Los Angeles, CA and zip code 90020 in the Central LA neighborhood. This 8,956 square foot home, which was built in 1950, sits on a 0.24 acre lot. Features: 12 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $2,295,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

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

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