NOT LISTED FOR SALE

5057 Lemon Grove Ave Los Angeles, CA 90029

East Hollywood Neighborhood
12 Beds
8 Baths
4,632 Sq Ft
6,977 Sq Ft Lot

Last Sold May 03, 2017

Last sale price $1,825,000 $394 Per Sq Ft

35 Days on Market

Highlights

  • Gated Parking
  • STEM Academy at Bernstein High Rated A-
  • 3-minute walk to Lemon Grove Recreation Center

About This Home

As of May 2017

The subject property presents an excellent opportunity for an investor to capitalize on the huge rental upside potential.6 unit multi family property with NO RENT CONTROL building built in 1987. New Roof, and well-maintained by the owner. Heart of everything. Minutes to 101 FWY, Hollywood, Koreatown, and Downtown. . Please do not disturb the tenants, Drive by only. Showing after an accepted offer.

Last Agent to Sell the Property

Jenny Yu

Keller Williams Realty Los Feliz License #01270838 Listed on: 02/14/2017

Keller Williams Realty Los Feliz

Last Buyer's Agent

DBA Data Process

Claw Data Base Mgmt License #12764

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,977 Sq Ft Lot

Interior Spaces

  • 4,632 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • Gated Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5535-023-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4632
  • Stories: 2
  • Year Built: 1987
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 418.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 12

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 600.00
  • Heating: Wall
  • Water Expense: 600.00

Fee Information

  • Insurance Expense: 4000.00
  • Maintenance Expense: 2400.00
  • Trash Expense: 3600.00

Lot Info

  • Assessed Improvement Value: 432373
  • Assessed Land Value: 480415
  • Assessor Parcel Number: 5535-023-008
  • Geocode Override: No
  • Lot Size Area: 6977

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 20.00
  • Number Of Units: 6
  • Total Annual Expense: 7148.00
  • Type Of Units: low rise
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 13710.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2017 05/03/17 Sold $1,825,000 -5.9% $394 / Sq Ft
02/14/2017 02/14/17 For Sale $1,940,000 -- $419 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jenny Yu

    Seller's Agent in 2017

    Jenny Yu

    Keller Williams Realty Los Feliz

    (213) 399-3303

    18 Total Sales

    Jenny Yu
    Section Image

  • D

    Buyer's Agent in 2017

    DBA Data Process

    Claw Data Base Mgmt

See All Agents

Map

Source: The MLS

MLS Number: 17-202446

The MLS
California Los Angeles County Los Angeles 90029 East Hollywood

5057 Lemon Grove Ave, Los Angeles, CA

This home is located at 5057 Lemon Grove Ave, Los Angeles, CA 90029 since 14 February 2017. This property was built in 1987. 5057 Lemon Grove Ave is a home located in Los Angeles County with nearby schools including Kingsley Elementary School, Joseph Le Conte Middle School, and STEM Academy at Bernstein High.

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