Backup offers
#WS25065101, TRAVIS ELY, Listing office: TRAVIS ELY
#PW25157926·
Listing office: Casado Real Estate Inc.·
Listing agent: Daniel Casado·
Listing office phone: 562-316-0077
$1,150,000 List price
2511 W 5th St Los Angeles, CA 90057
0.06 acres
Multi-Family
Property details
About 2511 W 5th St
Welcome to 2511 W. 5th St, a distinguished piece of architectural character nestled in the dynamic Westlake neighborhood of Los Angeles. Originally constructed in 1951, this multi-family property delivers approximately 1,782sqft of living space across two legal units, ideal for dual occupancy or investment rentals. You're greeted by striking mid-century lines and a timeless facade that make a confident statement on a cul-de-sac near Koreatown and Downtown L.A. Two 1-bedroom, 1-bath units offering private comfortable living spaces, peek-a-boo view of Hollywood sign from upper level deck space, in-unit laundry, dedicated garage parking and there is an underutilized bonus studio, non-conforming but complete with kitchenette and bath. Brimming with potential - approved City plans are ready to convert the bonus studio into a fully permitted Accessory Dwelling Unit (ADU). This property stands out not just for square footage and for ADU potential but for also its architectural presence. Built in the early postwar era, its clean lines and period-modern aesthetic give it a rare appeal in today's market. It’s the kind of property that sparks conversation, aesthetic appreciation, and value. Online rent estimates suggest potential rents of up to $3,991/month per unit, underscoring strong rental upside. Strategically positioned between Koreatown and Downtown L.A., the area is undergoing rapid transformation with new luxury projects nearby — positioning this property for meaningful appreciation.
Highlights
Home typeDuplex
HeatingCentral
StatusActive
Lot size0.055 Acres
Year built1951
ParkingDoor-Single, Garage Faces Front, Garage, Garage Door Opener, Off Site
MLS #PW25157926
Garage2 spaces
FireplaceLiving Room
ViewHills
Summary
- Interior: Walk-In Closet(s)
- Fireplace: Living Room
- Garage Space: 2 spaces
- Private Pool: No
- Parking: Door-Single, Garage Faces Front, Garage, Garage Door Opener, Off Site
- View: Hills
- Architectural Style: Craftsman, Mid-Century Modern, Modern
- Heating: Central
- Cooling: None
- List Price: $1,150,000
- HOA Amount: $0
- Annual Tax Amount: $9,601
- Tax Year: 2024
- Lot: Back Yard, Cul-De-Sac
- Directions: From MacArthur Park, go North on S. Park View, Left on Ocean View, Right onS. Park View, Left on 5th St.
- Year Built: 1951
- Stories: 3
- Lot Size: 0.055 Acres
- MLS Number: PW25157926
- MLS Name: CRMLS
- Office Name: Casado Real Estate Inc.
- Office Phone: (562) 316-0077
- Listing Agent: Daniel Casado
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: 7/15/2025, 2:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 08, 2022 | Home Sold | $750,000 |
| Jun 15, 2009 | Home Sold | $270,000 |
| Apr 26, 2005 | Home Sold | $630,000 |
| Aug 01, 2002 | Home Sold | $242,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $780,300 | $9,601 |
| 2023 | $765,000 | $9,419 |
| 2022 | $327,629 | $4,061 |
| 2021 | $321,206 | $4,001 |
| 2020 | $317,914 | $3,884 |
| 2019 | $311,681 | $3,850 |
| 2018 | $305,570 | $3,769 |
| 2017 | $299,579 | $3,769 |
History based on county public records data.
Nearby schools
6
Charles White Elementary
Public District 1-5
0.2 mi
•2401 Wilshire Blvd
4
MacArthur Park Elementary School
Public District KG-5
0.4 mi
•2300 W 7th St
4
Union Avenue Elementary
Public District PK-5
0.6 mi
•150 S Burlington Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $28,239. The most common annual income of people living in Los Angeles, CA is less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
63%
<35k
32%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
64%
Single, No Kids
11%
Single, with Kids
11%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
6%
12-17 yrs old
36%
18-34 yrs old
35%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2511 W 5th St
The listing price of 2511 W 5th St property is $1,150,000.
The property 2511 W 5th St is a multi located in Los Angeles, California, 90057.
Active Listing: 2511 W 5th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2511 W 5th St are: Charles White Elementary (GreatSchools Rating 6/10), MacArthur Park Elementary School (GreatSchools Rating 4/10), Union Avenue Elementary (GreatSchools Rating 4/10), Equitas Academy 4 (GreatSchools Rating 6/10), Citizens of the World Charter School Silver Lake (GreatSchools Rating 5/10), Equitas Academy #2 (GreatSchools Rating 5/10), Harold Mcalister High (Opportunity) (GreatSchools Rating 2/10), Rise Kohyang High School (GreatSchools Rating 9/10), New Village Girls Academy (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $9,601 (source: MLS/based on county public records data).
The last sale was on March 8, 2022 for $750,000 (source: MLS/tax record).
The year of construction for 2511 W 5th St is 1951.
This home is located at 2511 W 5th St in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 14, 2025 and is currently priced at $1,150,000.
While more than 282 listings in Los Angeles, CA in June 2025 were sold above asking price, there were more than 108 listings sold at asking price, and more than 339 were sold below. The number of listings in Los Angeles, CA increased by 9% between May and June 2025. The median list price of listings available in June 2025 was $876,067, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.