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3471 W 5th St, Los Angeles, CA 90020

Four vintage multifamily buildings offer parking and a broad mix of efficiency, studio, one-bedroom, and penthouse units.

Property SizeContact for details
Days on Market141

Property Features for 3471 W 5th St

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 36 x efficiency, 160 x studio, 61 x 1BR, 2 x 3BR penthouse
Multifamily Units 259

Building Details

Buildings 4
Listing Agency: Northmarq
Listed By: Brent Sprenkle · License #01290116
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 1:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq

Investment Insights

Based on property information with market context.

This multifamily portfolio includes four apartment buildings dating to the 1920s, positioned at separate addresses in central Koreatown. The properties contain 259 units in total: 36 efficiency apartments, 160 studios, 61 one-bedroom apartments, and two three-bedroom penthouse units. Parking is provided across the properties, and the offering may be acquired as a combined portfolio or on an individual-building basis.

The portfolio is located in Los Angeles’ Koreatown submarket, where renters represent 70% of the population. One property includes a development site with capacity for upwards of 40 units, while another lies within a Federal Opportunity Zone. These additional site and designation characteristics create distinct property-level considerations within the larger offering.

Key Highlights

  • Four 1920s apartment buildings in central Koreatown
  • 259 total units: 36 efficiencies, 160 studios, 61 one‑bedrooms, and two three‑bedroom penthouses
  • Parking included at each property

Property Analytics

Current Use

Portable Pour Bar Bar & Pub Du Barry Apartments B & B Enterprises Tax Preparation

Suggested Use

Top Pick Tanning Salon Carpet & Flooring Store (Bike/Boat/Book/etc) Store Buffet Restaurant Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

259
Residential units

Location Intelligence

Trade Area within ½ mile

8,234
Businesses Nearby

Demographics for 90020, CA

38,694
Population
19,119
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
35,176
Density / Sq Mi
$55,832
Median Household Income
$37,718
Median Earnings
$1,734
Median Rent
$826,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four vintage multifamily buildings offer parking and a broad mix of efficiency, studio, one-bedroom, and penthouse units.
Where is this apartment building located?
The property is located at 3471 W 5th St Los Angeles, CA.
What are key features of this property?
This property features: Four 1920s apartment buildings in central Koreatown; 259 total units: 36 efficiencies, 160 studios, 61 one‑bedrooms, and two three‑bedroom penthouses; Parking included at each property
(310) 621-8221 Call to check price and availability
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