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2556-2664 1/2 W 5th St 8 Unit Apartment Building $1,645,000 ($205,625/Unit) 5.97% Cap Rate Los Angeles, CA 90057
Investment Highlights
- Unique English Tudor Architectural Gem on a Quiet Cul De Sac
- Most Units Feature Mid Century Modern Stainless Steel Cabinetry, Hardwood Floors and Original Mission Tile
- Select Units Have Views of DTLA & Griffith Park Observatory
- Low Operating Expenses & Individually Metered for Gas & Electricity
- Upside in Rents
Executive Summary
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.
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.
Property Facts
| Price | $1,645,000 | Apartment Style | Low-Rise |
| Price Per Unit | $205,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.97% | Building Size | 5,158 SF |
| Gross Rent Multiplier | 10.19 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 0.75/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles | ||
| Price | $1,645,000 |
| Price Per Unit | $205,625 |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| Gross Rent Multiplier | 10.19 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,158 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Fireplace
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,395 | 1 |
| 1+1 | 6 | $1,499 | 1 |
| 2+1 | 1 | $2,543 | 1 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5155-030-021 | Improvements Assessment | $60,089 |
| Land Assessment | $1,718,642 | Total Assessment | $1,778,731 |
Property Taxes
Parcel Number
5155-030-021
Land Assessment
$1,718,642
Improvements Assessment
$60,089
Total Assessment
$1,778,731
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2556-2664 1/2 W 5th St
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