1801 W 5th Street, Los Angeles, CA 90057
Local realty services provided by:ERA Excel Realty
1801 W 5th Street,Los Angeles, CA 90057
$1,998,000
- 6 Beds
- 6 Baths
- 6,900 sq. ft.
- Multi-family
- Active
Listed by: charles le
Office: beverly hills fabulous estates inc.310-276-5478
MLS#:26991617
Source:CRMLS
Price summary
- Price:$1,998,000
- Price per sq. ft.:$289.57
About this home
THIS PROPERTY SALE INCLUDED 2 APNS: 5154-024-001 & 5154-024-002. Prime Development opportunity with a double lot totaling 12,200 SF of land and 6,900 SF across two buildings, totaling 9 current units. Can develop approximately 50 residential units. see attached. Perfect Investment Opportunity for First Time Investors, 1031 Exchange or Ideal Addition to Existing Investment Portfolio. Prime Development Opportunity- Double Lot Totaling 12,002 SF across Two Buildings, 6,900 SF Interior Space, 9 Rental Units, Remodeled & Maintained(3)Exceptionally Rare Development Up-to 50 Residential Unit, Including Micro-Units. Attractive & Strong Current Passive Income = $14,134/mon. Presently, All Tenants are Current on Rents !! There is a 2 unit Vacancy, so there is immediate potential for more rent/income!! Located in Highly/Densely populated Westlake Community; Strong Rental Demand, Mins to Dwntwn Los Angeles, Hollywood, Silver Lake, Korea Town, Beverly Hills & Major LA & World Attractions. High Cap Rate nearly 6.61% (Actual) / 9.54% (Pro-Forma). Great Rental Income Upside / Sellers Highly Motivated. ALL DEVELOPMENT INFORMATION PROVIDED SHOULD NOT BE RELIED ON AND BUYER TO CONDUCT THEIR OWN DUE DILIGENCE....
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Home facts
- Year built:1941
- Listing ID #:26991617
- Added:3 day(s) ago
- Updated:November 13, 2026 at 12:59 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Living area:6,900 sq. ft.
Structure and exterior
- Year built:1941
- Building area:6,900 sq. ft.
- Lot area:0.28 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,998,000
- Price per sq. ft.:$289.57
Parking
- Parking description:One Space, Private
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