NOT LISTED FOR SALE

2556 W 5th St Los Angeles, CA 90057

Westlake Neighborhood
8 Beds
8 Baths
5,158 Sq Ft
8,991 Sq Ft Lot

Last Sold December 31, 2014

Last sale price $1,485,000 $288 Per Sq Ft

16 Days on Market

About This Home

As of December 2014

We are pleased to present the opportunity to acquire a pristine eight unit apartment building located at 2556 West 5th Street, less than 1.5 miles from Downtown Los Angeles.The exterior of the property is designed in an architecturally unique "story book" Tudor style and has been meticulously restored to maintain the classic Mid-Century interior charm. The interiors feature many unique details such as original kitchens with stainless cabinets, original bathroom tile with Terrazzo floors and hardwood flooring throughout most units. The property consists of four one-bedroom/one-bathroom townhome style units, two one-bedroom/one-bathroom units, one studio and one two-bedroom/one-bathroom townhome style unit. Tenants enjoy open and well laid out floor plans with views of the Griffith Observatory and Downtown skyline (select units). The property is situated on a quiet cul-de-sac with primarily single family homes that allows residents easy access to the entertainment venues and employment.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 10/26/2014

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 10/26/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 8,991 Sq Ft Lot

Parking

  • 7 Parking Spaces

Interior Spaces

  • 5,158 Sq Ft Home
  • 2-Story Property

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5155-030-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5158
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 300.50

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 7

Lot Info

  • Assessed Improvement Value: 88606
  • Assessed Land Value: 383977
  • Assessor Parcel Number: 5155-030-021
  • Geocode Override: No
  • Lot Size Area: 8991

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 14.24
  • Number Of Units: 8
  • Total Annual Expense: 39880
  • Type Of Units: S, 1+1, 2+1
  • Vacancy Rate: 3.0%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2014 12/31/14 Sold $1,485,000 -4.2% $288 / Sq Ft
11/11/2014 11/11/14 Pending -- -- --
10/26/2014 10/26/14 For Sale $1,550,000 -- $301 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2014

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    5 in this area

    68 Total Sales

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Map

Source: The MLS

MLS Number: 14-805291

The MLS

California Los Angeles County Los Angeles 90057 Westlake

2556 W 5th St, Los Angeles, CA

This home is located at 2556 W 5th St, Los Angeles, CA 90057 since 26 October 2014. This property was built in 1950. 2556 W 5th St is a home located in Los Angeles County with nearby schools including Charles White Elementary School, John H. Liechty Middle School, and Belmont High School.

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