$1,150,000

2511 W 5th, Los Angeles, CA 90057

1,782 sqft

Duplex
Built in 1951
2,396sqft lot
2 car garage
$645/sqft
Listed 28 days ago

Property 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.

Listing Status:: Active
Date Added:: March 5, 2026
Data Last Updated:: April 1, 2026 at 9:18PM
Listing Office:: Casado Real Estate Inc. : 562-316-0077
Listing Agent:: Daniel Casado : 562-316-0077
MLS ID:: PW26049092

Laundry: InsideIn Garage
A/C: None
Heating: Forced Air
Fireplace: Living RoomFireplace

Pool: None
Parking: GarageParking spaces: 2

Roofing: Shingle
General: 3

Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: 5155031028
View: City LightsNeighborhoodPeek-A-BooView

Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM

This listing courtesy of Daniel Casado , Casado Real Estate Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Charles White Elementary

2401 Wilshire Blvd, Los Angeles, CA, 90057

Grades 1-5

0.24 miles away

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.21 miles away

Harold Mcalister High (Opportunity)

611 S Carondelet St, Los Angeles, CA, 90057

Grades 6-12

0.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.