2511 W 5th St Los Angeles, CA 90057
Westlake NeighborhoodEstimated payment $7,054/month
Total Views
1,313
2
Beds
3
Baths
1,782
Sq Ft
$645
Price per Sq Ft
Highlights
- Peek-A-Boo Views
- No HOA
- Walk-In Closet
- Midcentury Modern Architecture
- Cul-De-Sac
- Laundry Room
About This Home
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.
Listing Agent
Casado Real Estate Inc. Brokerage Phone: 562-316-0077 License #01920041 Listed on: 07/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,602
Year Built
- Built in 1951
Lot Details
- 2,396 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Wood Fence
- Brick Fence
- Back Yard
- On-Hand Building Permits
Parking
- 2 Car Garage
- Parking Available
- Front Facing Garage
- Single Garage Door
- Garage Door Opener
- Off-Site Parking
Property Views
- Peek-A-Boo
- Hills
Home Design
- Duplex
- Midcentury Modern Architecture
- Craftsman Architecture
- Modern Architecture
- Turnkey
- Shingle Roof
Interior Spaces
- 1,782 Sq Ft Home
- 3-Story Property
- Living Room with Fireplace
- Security Lights
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Central Heating
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 1 / F
- Tax Tract Number 208
- Assessor Parcel Number 5155031028
- $244 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $1,980
- Water Sewer Expense $1,200
- Operating Expense $3,780
- Net Operating Income $23,951
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,602 | $795,906 | $530,604 | $265,302 |
| 2024 | $9,602 | $780,300 | $520,200 | $260,100 |
| 2023 | $9,420 | $765,000 | $510,000 | $255,000 |
| 2022 | $4,062 | $327,629 | $242,691 | $84,938 |
| 2021 | $4,001 | $321,206 | $237,933 | $83,273 |
| 2020 | $4,040 | $317,914 | $235,494 | $82,420 |
| 2019 | $3,884 | $311,681 | $230,877 | $80,804 |
| 2018 | $3,850 | $305,570 | $226,350 | $79,220 |
| 2016 | $3,670 | $293,706 | $217,561 | $76,145 |
| 2015 | $3,618 | $289,296 | $214,294 | $75,002 |
| 2014 | $3,642 | $283,630 | $210,097 | $73,533 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | For Sale | $1,150,000 | +53.3% | $645 / Sq Ft |
| 03/08/2022 03/08/22 | Sold | $750,000 | -9.1% | $421 / Sq Ft |
| 02/06/2022 02/06/22 | Pending | -- | -- | -- |
| 01/26/2022 01/26/22 | Price Changed | $825,000 | -7.2% | $463 / Sq Ft |
| 01/05/2022 01/05/22 | For Sale | $889,000 | -- | $499 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Equity Title | |
| Grant Deed | $750,000 | Equity Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Quit Claim Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Stewart Title Riverside | |
| Grant Deed | $270,000 | Fidelity Natl Title Ins Co | |
| Trustee Deed | $256,379 | None Available | |
| Trustee Deed | $5,000 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $630,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Grant Deed | $242,000 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | New Conventional | |
| Previous Owner | $340,000 | New Conventional | |
| Previous Owner | $335,000 | New Conventional | |
| Previous Owner | $234,500 | New Conventional | |
| Previous Owner | $215,920 | Purchase Money Mortgage | |
| Previous Owner | $504,000 | Purchase Money Mortgage | |
| Previous Owner | $325,000 | Unknown | |
| Previous Owner | $15,000 | Unknown | |
| Previous Owner | $89,000 | Credit Line Revolving | |
| Previous Owner | $71,000 | Credit Line Revolving | |
| Previous Owner | $193,600 | No Value Available | |
| Closed | $48,400 | No Value Available | |
| Closed | $126,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25157926
APN: 5155-031-028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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