2216 5th Avenue, Los Angeles, California 90018, Los Angeles, 90018 - 2 bed, 2 bath
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2216 5th Avenue
Los Angeles, California 90018
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
2Baths
1,032Sq Ft
2,336Lot Size
Property Price
LIST PRICE$579,000
EST. MARKET VALUE
$586,037
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $579,000—positioned well below the $586,038 Fair Market Value by 1.2%. This valuation gap offers $7,038 in Instant Equity for the buyer. The property maintains a Good Condition Rating with modern kitchen appliances and updated flooring, minimizing immediate capital expenditure. Its strategic Mid City location provides excellent connectivity, making this a stable asset. This is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers looking to enter the Los Angeles market.
Estimated Market Value
$586,037
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2216 5th Avenue Subject 2 bd · 2 ba · 1,032 sqft · $568 | $579,000* List Price | 2 | 2 | 1,032 | $568 | - |
A 2016 10th Avenue Active 3 bd · 2 ba · 1,268 sqft · $591 · 0.3 mi | $749,000 List Price | 3 | 2 | 1,268 | $591 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1998, the property falls into the 'Good' category due to significant updates that override its 26-year age. The kitchen features modern stainless steel appliances and updated cabinetry, and the living areas have newer flooring. It is well-maintained and move-in ready, consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Newer Construction
Built in 1998, this property is significantly newer than the typical early 20th-century inventory in Mid City, offering modern building standards and potentially lower maintenance requirements.
- Strategic Location
The home is situated in a highly connected neighborhood with immediate access to the 10 Freeway, Metro lines, and the trendy dining scenes of West Adams and Koreatown.
- Enhanced Parking and Storage
The inclusion of a 2-car carport, a long driveway, and a bonus storage shed provides exceptional utility and convenience rarely found at this price point in Los Angeles.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At 1,032 square feet distributed over two stories, the interior footprint is relatively small, which may feel restrictive for growing families or those requiring a dedicated home office.
- Limited Lot Size
The 2,336 square foot lot is quite modest, offering minimal space for outdoor expansion, large-scale landscaping, or significant privacy buffers from neighbors.
About 2216 5th Avenue
Welcome to 2216 5th Avenue, a 1998-built two-story home tucked between Arlington and Crenshaw in the heart of Mid City. Newer construction is hard to find in this neighborhood, and this one delivers 2 bedrooms, 2 bathrooms and 1,032 sq ft of light filled living space. The main level opens to a bright living room with updated floors and large windows, flowing into an updated kitchen with modern appliances, generous cabinetry and room for dining. Upstairs, both bedrooms offer comfortable proportions and natural light. Outside, a private backyard gives you space to garden, entertain or unwind, and the attached 2-car carport along with long driveway adds convenience and storage. No HOA. Bonus shed in the back! Minutes to the 10 Freeway, Metro access, and the restaurants, cafs and shops of Mid City, West Adams and Koreatown. An excellent opportunity for owner-users or investors looking to plant roots in one of LA's most connected neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 2,336 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,032 | 1,670.836 |
| Lot Size | 2,336 | 6,152.156 |
| Price | $579.0K | $1.34M |
| Price per sq ft | $561 | $807 |
| Built year | 1998 | 1941 |
| HOA | $0 | $238 |
| Days on market | 34 | 56 |
Pricing History
Listed for Sale
Oct 6, 2026
$579,000
Initial Listing
Sold
Mar 19, 2015
$350,000
Public Record
Sold
Oct 30, 2014
$210,000
Public Record
Sold
Sep 28, 1999
$122,000
Public Record