Video tour
$10,000 Closing Credit¹
#PTP2407473, Merrie Espina, Listing Office: Coldwell Banker West
$9,441
closing credit¹
2576 W 5th St Los Angeles, CA 90057
$795,000 List price
$9,441
Closing credit¹
1 bed
1 full
656 sqft
0.1 acres
$1,212 / sqft
House
Property details
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.
Highlights
Home typeSingle Family Residence
StatusActive
Size656 sqft
Lot size0.1321 Acres
Year built1940
ParkingOn Street
MLS #24457627
Summary
- MLS Number: 24457627
- MLS Name: CRMLS
- Office Name: The Agency
- Office Phone: (424) 230-3700
- Listing Agent: Marc Silver
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: 2/8/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$795,000
2576 W 5th St
$9,441
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 25, 2009 | Home Sold | $340,000 |
| Oct 15, 2002 | Home Sold | $235,000 |
| Jul 19, 2000 | Home Sold | $116,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $430,259 | $5,363 |
| 2023 | $421,824 | $5,264 |
| 2022 | $413,554 | $5,025 |
| 2021 | $405,446 | $4,962 |
| 2020 | $401,289 | $4,815 |
| 2019 | $393,422 | $4,798 |
| 2018 | $385,709 | $4,697 |
| 2017 | $378,147 | $4,697 |
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
7
Hoover Street Elementary
Public District KG-5
0.6 mi
•2726 Francis 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. Residents of Los Angeles, CA typically earn less than $<35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
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 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.
Over 294 listings were sold over their listed price in January 2025 in Los Angeles, CA. In the same period over 545 listings were sold below the listed price and 161 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 20.1% between December and January 2025. The median list price of listings available in January 2025 was $1,035,435, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.