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2511 W 5th , Los Angeles, CA 90057
$1,150,000
Est. Payment: $5,764.30/mo
2 Bed
3 Bath
1782 Sqft
Status: active | Days on site: 50
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

2511 W. 5th St presents a compelling value-add duplex opportunity in the highly sought-after Westlake/Koreatown corridor of Los Angeles. Built in 1951, this income-producing multifamily property offers approximately 1,782 square feet across two 1-bedroom, 1-bath units, making it an ideal owner-user or investment property with strong rental upside. Each unit features functional layouts, laundry and dedicated garage parking, while the upper unit enjoys a peek-a-boo view of the Hollywood Sign from a private deck. The property also includes an original non-conforming studio with kitchenette and 3/4 bath. Presenting a unique opportunity to expand the building's square footage footprint. For investors seeking ADU expansion potential, the property comes with City-approved plans to convert the existing studio into a fully permitted Accessory Dwelling Unit, offering a clear path to increased cash flow and improved property value. The two one car garages offer the opportunity for a second ADU. Positioned on a quiet cul-de-sac in a rapidly evolving pocket of Westlake, the property benefits from close proximity to Koreatown, Downtown Los Angeles, major employment centers, dining, and transit options. The surrounding area continues to see significant redevelopment and new multifamily construction, supporting long-term appreciation and strong tenant demand. Online rental projections indicate a healthy upside on pro-forma returns for investors. Whether you're looking for a turnkey duplex with upside, an owner-user opportunity, or a strategic value-add investment with ADU potential, 2511 W. 5th St offers a rare opportunity in one of Los Angeles’ most active rental markets.
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Highlights

Listed by Daniel Casado , 562-316-0077 Casado Real Estate Inc. , 562-316-0077. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.06

Year Built

1951

County

Los Angeles

Area

C42 - Downtown L.A.

Listing ID

PW26049092

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:
Other:Public

Exterior Features

Lot:Cul-De-Sac,No Land Lease
Garage Capacity:2
Roof:Shingle
Others:2+ Total Units
Sewer:Public Sewer
Parking Features:Garage
Principal Interest
$5,764
Taxes
$733

Home Price

$1,150,000

Loan Details

30 yrs
6.416%

Down Payment

20%
$230,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,764.30

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,764.30 $733.13 $0.00 $6,497.42
Yearly $69,171.55 $8,797.50 $0.00 $77,969.05
Total $2,075,146.54 $263,925.00 $0.00 $2,339,071.54
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

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Data last updated: 2026-06-26T01:40:03.000Z

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