$950,000
SOLD JUL 25, 2025
0.16 Acre
$5,911,637 Price per Acre
7,002 Sq Ft Lot

Recently Sold

$338 Per Sq Ft

17% Below List Price

103 Days on Market

About This Lot

As of July 2025

See DOCs section for OM. Property is in a Probate Estate but not currently required to go through court overbid process. Property must be purchased together with two adjacent lots 5431 and 5437 Lemon Grove Ave. The Highlight Group of Equity Union as the exclusive listing agent are pleased to present the opportunity to acquire 5431-5441 Lemon Grove Ave., a 20,999 square foot development site of three contiguous lots located in prime Hollywood. The site is zoned R2-1XL | TOC Tier 2 but a developer may be able to significantly increase the density through the Executive Directive 1 program (Buyer to independently verify). The lots are currently improved with a combined 9 Los Angeles Rent Stabilization Ordinance units (5431 is a duplex, 5437 is a triplex, and 5441 is a fourplex), of which 8 are vacant. The ninth tenant is significantly behind on current rent, also owes significant back rent from the Eviction Moratorium and the owner is currently engaging counsel with a very good reputation and track record to start the eviction process.

Last Agent to Sell the Property

Josh Kaplan

Equity Union License #01934177 Listed on: 06/12/2024

Equity Union

Co-Listed By

Troy Lucero

Equity Union License #02015705

Last Buyer's Agent

Grant Linscott

Keller Williams Realty Los Feliz License #01715002

Keller Williams Realty Los Feliz

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,391

Lot Details

  • 7,002 Sq Ft Lot
  • Property is zoned LAR2

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5535-008-020

Property Details

Property Type

Land

Est. Annual Taxes

$6,391

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1607
  • Probate: Yes
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5535-008-020
  • Lot Size Area: 7002

Rental Info

  • Court Approve: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
Scott Gloria and Sare Nikola
Bought by
Lemon Tic Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,536,342
Interest Rate
6.84%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Type Sale Price Title Company
Grant Deed $950,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,536,342 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Sold $950,000 -17.4% $338 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $1,150,000 -- $409 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,391 $506,646 $356,538 $150,108
2024 $6,391 $496,713 $349,548 $147,165
2023 $6,276 $486,975 $342,695 $144,280
2022 $6,000 $477,427 $335,976 $141,451
2021 $5,912 $468,067 $329,389 $138,678
2019 $5,741 $454,186 $319,620 $134,566
2018 $5,637 $445,281 $313,353 $131,928
2016 $5,370 $427,992 $301,186 $126,806
2015 $5,295 $421,564 $296,662 $124,902
2014 $5,337 $413,307 $290,851 $122,456
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25581445

The MLS

APN: 5535-008-020