5332 Lemon Grove Ave, Los Angeles, CA 90038

5 beds3 baths3,423 sqft

For Sale
$1,050,000
Zestimate®: $1,235,868
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My Notes

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**LOCATION** GREAT INCOME PRODUCING TRIPLEX PROPERTY LOCATED IN HOLLYWOOD COMMUNITY. Close to Hollywood, Melrose, Hancock park, the Paramount Pictures. NEW LARGE FOUR CAR GARAGE, $75,000, with a city permit, built in 2014. Copper plumbing throughout building. Rent 1 for redone (1+1) - $1,650, Rent 2 for (1+1) - $688, Rent 3 for (3+1) - $1,980 = Total rent $4,318 with upside potential. LOW OPERATING EXPENSES. Owner pays only for water and tenants pay for their own gas, electricity, and trash bills. Each unit has relatively large size rooms with a laundry hook up in high demand area. Building has been well maintained and no vacancy with long term tenants. Please make offer subject to inspection. DO NOT DISTURB TENANTS.

Facts

  • Lot: 7,000 sqft
  • Multi Family
  • Built in 1921
  • 37 days on Zillow
  • Views: 1,500 all time views
  • 8 shoppers saved this home
  • Cooling: None
  • Heating: Wall
  • Last sold: Jun 2013 for $675,000
  • Last sale price/sqft: $197
  • MLS #: 15924909

Features

  • Parking: Garage - Detached, 3 spaces

      Additional Features

      • Listing Agreement: Lease
      • Listing Status: Active
      • Listing Terms: Cash
      • Property Type: Residential Income
      • System Locale: CARETS
      • Unit Furnished01: Unfurnished
      • Unit Furnished02: Unfurnished
      • Lot Size Source: Public Records
      • Square Footage Source: Public Records
      • Buyer Financing: Conventional
      • Unit Furnished03: Unfurnished
      • Legal Disclosures: Take Property As Is (N)
      • Buyer Financing: Cash
      • Unit Furnished04: Partially
      • Unit Furnished05: Partially
      • Unit Furnished06: Partially
      • Unit Furnished07: Partially
      • Unit Furnished08: Partially
      • Unit Furnished09: Partially
      • Unit Furnished10: Partially
      • Unit Furnished11: Partially
      • Unit Furnished12: Partially
      • Unit Furnished13: Partially
      • CARETS Listing Status: Active
      • Legal Disclosures: Rent Control
      • Converted Garage
      • SpecialConditions: Standard Sale
      • Garage Spaces Total: 4.0
      • Parking Type: Garage - 4+ Doors
      • Country: UNITED STATES OF AMERICA

      Appliances Included

      • Range / Oven

      Construction

      • Roof type: Asphalt
      • Stories: 2
      • Structure type: Other
      • Unit count: 3

      Other

      • Floor size: 3,423 sqft
      • Last remodel year: 1925
      • Parcel #: 5535010018
      • Zillow Home ID: 20789749

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

      Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
      $1,235,868
      -$68,765 Last 30 days
      $1.17M
      $1.37M
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $3,027/mo
      +$30 Last 30 days
      $2.2K
      $4.7K
      Zestimate range
      Zestimate forecast
      $XXX,XXX
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      One year
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      Comparable Homes

      Homes like this sold for $830K-1.45M.

      $730K
      $1.55M

      Popularity on Zillow

      Trending! This home is one of the top 10% most visited in the neighborhood this week.

      608 views since listing
      1,500 all-time (chart)
      8 shoppers saved
      this home to their list of favorites

      Mortgages

      Neighborhood: Hollywood

      Median Zestimate

      $681,100

      3.4%

      1-yr forecast

      The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

      Market temp 

      Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

      Very Cold
      Buyers' Market
      Sellers' Market

      Foreclosures (per 10K)

      2.4 Hollywood
      2 Los Angeles
      3.6 United States
      Zillow predicts Hollywood home values will rise 7.5% next year, compared to a 7% increase for Los Angeles as a whole. Among Hollywood homes, this home is 81.3% more expensive than the midpoint (median) home, but is priced 34.8% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In Hollywood, the number of foreclosures waiting to be sold is 35.7% lower than in Los Angeles, and 57.1% lower than the national average. This lower local number could help Hollywood home values rise more quickly than other regions in Los Angeles.
        read more Less 

      Nearby

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        Rentals

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        Nearby Schools in Los Angeles

        GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org