2555 W 5th St, Los Angeles, CA 90057

Check out the aerial drone video!!! Seize the moment to revive the charm of this hidden treasure offering breathtaking views of Los Angeles' iconic Hollywood Sign and the Griffith Observatory. Situated on a cul-de-sac near MacArthur Park, this unique 3-unit property boasts 4 bedrooms and 4 bathrooms, sprawled across its generous nearly 13,000 square foot lot. With a detached studio, main residence with studio basement, and a pool house, this property once graced the pages of House Beautiful Magazine in 1943 and presents an unparalleled canvas for transformation into a contemporary masterpiece. Step inside the gates of this property into a picturesque courtyard. The detached front studio complete with its own kitchen and bathroom, features its own address. The main residence, with 2 bedrooms and 2 bathrooms, sits nestled in the heart of the property. It retains its original design, decorative crown molding, wainscotting throughout, a formal dining room with connected breezeway, as well as a bay window and fireplace in the living room. One bedroom boasts a deck with panoramic neighborhood views, while the other features a cozy bookshelf-lined niche and view of the pool area. Beneath the main house lies a studio basement complete with its own kitchen, bathroom, and an adjacent covered patio. The in-ground pool is in need of rejuvenation and the accompanying pool house doubles as guest quarters. The property additionally features a single-car garage and ample parking space at the top of the driveway. Located in the vibrant Westlake area surrounded by burgeoning development, this property presents numerous opportunities for investors. Just moments from Downtown Los Angeles, MacArthur Park, Korea Town, and local markets, it offers convenient access to the best of city living. Don't miss the chance to transform this property into your vision of perfection.