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2544 W 5th, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath

2544 W 5th, Los Angeles, California 90057 home-pic-0
ACTIVE$995,000
2544 W 5th, Los Angeles, California 90057
2Beds
2Baths
1,470Sqft
6,995Lot

Price Vs. Estimate

The estimated value ($1,050,709.43) is $55,709.43 (5%) higher than the list price ($995,000). This property may be underpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential & Versatility: Features a detached, fully permitted ADU with a separate address and kitchenette, plus a newly permitted lower-level suite in the main house, offering significant rental income opportunities or flexible multi-generational living.
Top Cons:
Older Base Structure: Despite extensive renovations, the property was originally built in 1949, which may lead to concerns about underlying infrastructure (e.g., plumbing, electrical not explicitly mentioned as upgraded beyond HVAC) or potential for unforeseen maintenance issues associated with older homes.

Compared to the nearby listings

Price:$995.0K vs avg $937.5K (+$57,500)50%
Size:1,470 sqft vs avg 1,556 sqft50%
Price/sqft:$677 vs avg $66950%

More Insights

Built in 1949 (76 years old).
Condition: Despite being built in 1949, this property has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The listing explicitly states a 'newly renovated kitchen featuring modern cabinetry and updated countertops,' an 'elegantly remodeled bathroom with a walk-in shower,' and 'new flooring throughout.' Images confirm modern white shaker-style cabinets, contemporary fixtures, and new flooring (hardwood and carpet). Furthermore, the property boasts 'new windows,' 'new HVAC systems' (mini-splits visible in images), and fully paid-off Tesla solar panels, indicating significant upgrades to major systems. The detached, fully permitted ADU with its own kitchenette and bathroom also appears to be new construction or very recently completed, adding to the overall modern and high-quality state of the property. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1949
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$677
HOA
-
Days on market
-
Sold On
-
MLS number
AR25266167
Home ConditionExcellent
Features
Good View: City Lights, Hills, Mountain(s), Neighborhood
Deck
ViewCity Lights,Hills,Mountain(s),Neighborhood

About this home

Nestled at the end of a peaceful cul-de-sac, this residence feels like a private sanctuary, offering peaceful outdoor areas and a beautifully designed ADU. A short staircase leads you through the gated entry to the main residence, where you’ll find a spacious living room and a newly renovated kitchen featuring modern cabinetry and updated countertops. The bedroom includes a walk-in closet and an elegantly remodeled bathroom with a walk-in shower. New flooring throughout creates a cohesive and welcoming atmosphere. A spiral staircase connects to the newly permitted lower-level suite, complete with its own generous living area, additional bedroom, and full bath—an excellent setup for guests, extended family, or added rental potential. The lively yard enhances indoor-outdoor living with a sun-filled patio and dining space with an outdoor cooking station. There’s also ample room for pets, gardening, bike storage, a stock tank pool, or any outdoor vision you imagine. The laundry room is thoughtfully placed away from the bedrooms for added comfort and privacy. The detached, fully permitted ADU with a separate address offers exceptional versatility as a guesthouse, studio, or income-producing rental, equipped with its own kitchenette and bathroom. Tesla solar panels are fully paid off, new windows, new HVAC systems, and numerous additional upgrades. Perfectly situated at the intersection of Echo Park, Silver Lake, Koreatown, and Downtown LA, with convenient freeway access for an easy commute. Come to experience this vibrant and centrally located neighborhood.

Nearby schools

3/10
Charles White Elementary School
Public,•1-5•0.3mi
/10
Lafayette Park Primary Center
Public,•K•0.3mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.4mi
/10
Lake Street Primary School
Public,•K-1•0.5mi
8/10
Hoover Street Elementary School
Public,•K-5•0.6mi
5/10
Union Avenue Elementary School
Public,•K-5•0.6mi
2/10
Esperanza Elementary School
Public,•K-5•0.7mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.8mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.9mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.9mi
3/10
Leo Politi Elementary School
Public,•K-5•1.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.0mi
2/10
Tenth Street Elementary School
Public,•K-5•1.1mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.2mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.3mi
6/10
Castelar Street Elementary School
Public,•K-5•2.2mi
3/10
John H. Liechty Middle School
Public,•6-8•0.7mi
3/10
Sal Castro Middle School
Public,•6-8•0.9mi
5/10
Virgil Middle School
Public,•6-8•1.1mi
3/10
Berendo Middle School
Public,•6-8•1.3mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.2mi
3/10
Belmont Senior High School
Public,•9-12•0.9mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.0mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.0mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.0mi
8/10
John Marshall Senior High School
Public,•9-12•3.1mi

Price History

Date
Event
Price
06/14/00
Sold
$175,000
08/15/97
Sold
$104,500
10/26/23
Sold
$931,000
08/07/09
Sold
$315,000
Condition Rating
Excellent
Despite being built in 1949, this property has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The listing explicitly states a 'newly renovated kitchen featuring modern cabinetry and updated countertops,' an 'elegantly remodeled bathroom with a walk-in shower,' and 'new flooring throughout.' Images confirm modern white shaker-style cabinets, contemporary fixtures, and new flooring (hardwood and carpet). Furthermore, the property boasts 'new windows,' 'new HVAC systems' (mini-splits visible in images), and fully paid-off Tesla solar panels, indicating significant upgrades to major systems. The detached, fully permitted ADU with its own kitchenette and bathroom also appears to be new construction or very recently completed, adding to the overall modern and high-quality state of the property. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential & Versatility: Features a detached, fully permitted ADU with a separate address and kitchenette, plus a newly permitted lower-level suite in the main house, offering significant rental income opportunities or flexible multi-generational living.
Extensive Modern Upgrades & Energy Efficiency: Boasts a newly renovated kitchen, remodeled bathroom, new flooring, new windows, new HVAC systems, and fully paid-off Tesla solar panels, ensuring modern comfort, reduced utility costs, and long-term value.
Prime Central Location with Freeway Access: Strategically situated at the intersection of vibrant neighborhoods (Echo Park, Silver Lake, Koreatown, Downtown LA) with convenient freeway access, offering a dynamic lifestyle and easy commute.
Private & Amenity-Rich Outdoor Sanctuary: Located at the end of a peaceful cul-de-sac, providing a private sanctuary with a lively yard, sun-filled patio, outdoor cooking station, and ample space for various outdoor activities and visions.
Thoughtful Layout for Comfort & Privacy: The main residence includes a bedroom with a walk-in closet and a laundry room thoughtfully placed away from bedrooms, enhancing comfort and privacy for residents.

Cons

Older Base Structure: Despite extensive renovations, the property was originally built in 1949, which may lead to concerns about underlying infrastructure (e.g., plumbing, electrical not explicitly mentioned as upgraded beyond HVAC) or potential for unforeseen maintenance issues associated with older homes.
Limited Accessibility/Functionality of Spiral Staircase: The spiral staircase connecting to the lower-level suite could pose accessibility challenges for individuals with mobility issues, moving large furniture, or for families with young children.
Lack of Explicit Dedicated Parking: The description does not explicitly mention a garage or dedicated off-street parking, which can be a significant drawback and inconvenience in a dense urban area like Los Angeles.

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