#25477473, Neema Ahadian, Listing Office: Marcus & Millichap
#24440381·
Listing Office: Wellman Realty Co.·
Listing Agent: Wes Wellman·
Listing Office Phone: 310-829-7423
$10,000
closing credit¹
3520 W 5th St Los Angeles, CA 90020
$2,295,000 List price
$10,000
Closing credit¹
12 beds
12 baths
8,956 sqft
0.2 acres
$256 / sqft
House
Property details
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.
Highlights
Home typeOther
HeatingWall Furnace
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Size8,956 sqft
Lot size0.243 Acres
Year built1950
ParkingDetached Carport, Community Structure
MLS #24440381
Garage4 spaces
Virtual tour
Summary
- MLS Number: 24440381
- MLS Name: CRMLS
- Office Name: Wellman Realty Co.
- Office Phone: (310) 829-7423
- Listing Agent: Wes Wellman
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: 2/1/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,295,000
3520 W 5th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 26, 2001 | Home Sold | $456,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $673,630 | $9,636 |
| 2023 | $660,423 | $9,479 |
| 2022 | $647,474 | $9,095 |
| 2021 | $634,779 | $8,938 |
| 2020 | $628,271 | $8,702 |
| 2019 | $615,953 | $8,462 |
| 2018 | $603,877 | $8,257 |
| 2017 | $592,037 | $8,257 |
History based on county public records data.
Nearby schools
3
RFK Community Schools - Ambassador School of Global Education
Public District KG-5
0.5 mi
•3201 W 8th St
6
Frank Del Olmo Elementary School
Public District KG-5
0.6 mi
•100 N New Hampshire Ave
6
Cahuenga Elementary School
Public District KG-5
0.6 mi
•220 S Hobart Blvd
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 $48,143. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
35%
<35k
48%
35k-100k
17%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
8%
Single, with Kids
15%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
5%
12-17 yrs old
33%
18-34 yrs old
45%
35-64 yrs old
6%
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
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
Video tour
#24408191, Peter Yoo, Listing Office: Masters Realty & Investment
#24464027, Daniel Withers, Listing Office: Matthews Real Estate Investment Services
#24416557, Priscilla Nee, Listing Office: CB Richard Ellis, Inc.
#24448161, Adam Zunder, Listing Office: Iconic Investments
Video tour
#24457563, Sunhee Kilmer, Listing Office: Keller Williams Beverly Hills
#24394451, Armin Soleimani, Listing Office: Global Platinum Properties, Inc.
New - 4 days on Rocket
$10,000 Closing Credit¹
#25490095, Jeannie K. Lee, Listing Office: The H Realty
#24468817, Nick Astrupgaard, Listing Office: KW Commercial Studio City
#24473385, Neema Ahadian, Listing Office: Marcus & Millichap
Frequently asked questions
About 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.
In December 2024 more than 524 listings in Los Angeles, CA were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 740 were sold below. The inventory of homes for sale in Los Angeles, CA between November and December 2024 decreased by 5.3%. In December 2024 median list price was $1,026,634 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.