Los Angeles, CA 90029,5101 Lemon Grove
$550,000
Est. payment /mo
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5,205 Sqft Lot
Active Under Contract

5101 Lemon Grove Los Angeles, CA 90029

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Shari Wolvek

Shari Wolvek

+1(818) 515-8735

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID CV26014296

Construction Status Repairs Major

HOA Y/N No

Year Built 1920

Lot Size 5,205 Sqft

Property Sub-Type Duplex

Property Description

***Short sale*** subject to lender approval. 5101 Lemon Grove Ave is a 1920s duplex in the East Hollywood area offering significant value-add potential for an experienced investor or contractor. Property has extensive deferred maintenance, including active roof leaks, ceiling and wall damage, visible cracking, and deteriorated bathroom and interior finishes, condition may impact habitability and will likely prevent traditional financing. Structure is sold strictly as is, with no repairs, credits, or warranties from seller or lender; buyer to conduct and rely on their own inspections, engineering evaluations, and due diligence regarding foundation, systems, and any health/safety conditions. Ideal for cash or hard-money buyers able to complete a substantial rehabilitation and reposition this property in a high-demand rental location.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry Outside

Exterior

Parking Features Driveway

Pool None

Community Features Sidewalks, Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Repairs Major

Others

Senior Community No

Tax ID 5535020016

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Short Sale

CRMLS – RECore
Listed by Jorge Marquez RE/MAX 2000 REALTY 626-991-0247

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Shari Wolvek

Shari Wolvek

Agent | License ID: 02235508

+1(818) 515-8735

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5101 Lemon Grove