2556-2664 1/2 W 5th St - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park
$1,645,000 USD
310-428-4116
2556-2664 1/2 W 5th St, Los Angeles, CA for Sale
$1,645,000 USD
Apartments - FOR SALE
1/46
null | 5.97% Cap Rate

2556-2664 1/2 W 5th St
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • Unique English Tudor Architectural Gem on a Quiet Cul De Sac
  • Low Operating Expenses & Individually Metered for Gas & Electricity
  • Most Units Feature Mid Century Modern Stainless Steel Cabinetry, Hardwood Floors and Original Mission Tile
  • Upside in Rents
  • Select Units Have Views of DTLA & Griffith Park Observatory

OVERVIEW

The Brander Investment Group is pleased to present the opportunity to acquire eight unique, pristine residences located at 2556 West 5th Street in the Westlake community, approximately 1.5 miles west of Downtown Los Angeles. Situated on a quiet cul-de-sac surrounded primarily by single-family homes, the subject property offers its residents a rare combination of neighborhood charm, privacy, and convenient access to major employment centers, entertainment, dining, and cultural amenities. Architecturally distinctive, the subject property showcases an enchanting “storybook” English Tudor style that has been meticulously maintained. The interiors preserve much of the building’s classic Mid-Century modern charm with an array of original character details throughout, including original stainless steel kitchen cabinetry, Mission bathroom tile with Terrazzo flooring, and hardwood flooring throughout most living spaces, providing a unique blend of historic character and timeless appeal. The unit mix consists of four one-bedroom/one-bathroom townhome-style units, two one-bedroom/one-bathroom units, one studio unit, and one two-bedroom/one-bathroom townhome-style unit. Residents enjoy spacious and efficiently designed floor plans, with select units offering views of the Downtown Los Angeles skyline and Griffith Park Observatory. 2556 West 5th Street presents investors with the opportunity to acquire a well-maintained and architecturally significant asset in a highly desirable, strategic location immediately adjacent to the trendy & pricier Silverlake, Sunset Junction, Echo Park & Virgil Village neighborhoods.

FOR SALE DETAILS

PRICE

$1,645,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

8

PRICE/UNIT

$205,625

CAP RATE

5.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,999 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5155-030-021

ASK ABOUT THIS PROPERTY

Glenn BranderBrander Investment GroupMore Info
310-428-4116

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Glenn BranderBrander Investment GroupMore Info
310-428-4116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.