5086 Lemon Grove Ave, Los Angeles, California 90029, Los Angeles, 90029 - 1 bed, 1 bath
5086 Lemon Grove Ave
Los Angeles, California 90029
Property Price
SUMMARY
Analysis of 5086 Lemon Grove Ave, Los Angeles, California 90029 is currently available with a list price of $535,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has been extensively and recently renovated, featuring a modern upgraded kitchen, a fully renovated bathroom, and updated flooring. The inclusion of a private garage with an electric vehicle charger and custom interior reconfigurations like the primary closet and den/office space align with high-quality current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Renovations & Functional Layout
The unit features a tastefully refreshed kitchen and bathroom, along with a smart reconfiguration that includes a custom primary closet and a bright den/office space, maximizing the 824 sqft footprint.
- Premium Parking Amenities
Includes a private one-car garage equipped with an electric vehicle (EV) charger, a rare and highly valuable asset in the Melrose Hill/Hollywood area that appeals to modern commuters.
- Immediate Income Potential
The property is currently tenant-occupied, offering a streamlined, turnkey opportunity for investors seeking an income-producing asset in a desirable Los Angeles submarket.
CONSRISKS & DEFICIENCIES
- TIC Ownership Structure
As a Tenancy-In-Common (TIC) residence, financing options are more restrictive than traditional condos, typically requiring specific lenders and higher down payments.
- Tenant Occupancy Constraints
Current tenant occupancy may pose a challenge for owner-user buyers who require immediate possession or a quick move-in timeline.
About 5086 Lemon Grove Ave
Welcome to 5086 Lemon Grove, a beautifully updated second-floor Tenancy-In-Common residence offering modern comfort, flexible use of space, and immediate income potential. The entire unit has been tastefully refreshed, including an upgraded kitchen and a renovated bathroom, creating a clean and cohesive living experience throughout.The home features thoughtful reconfiguration and custom improvements, including a spacious primary closet . The hallway has also been opened up, transforming the area into a bright, functional den or office, perfect for today's lifestyle needs.Additional conveniences include a private one-car garage equipped with an electric vehicle charger, rare for the area and ideal for long-term value. The property is currently tenant-occupied, making it an excellent opportunity for investors or buyers seeking a streamlined, income-producing asset.5086 Lemon Grove offers updated living, smart design, and prime convenienceall within an established TIC community.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- -
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $260.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 43% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 824 | 854 | 43% |
| Lot Size | - | 7,720 | 29% |
| Price | $535.0K | $698.0K | 29% |
| Price per sq ft | $649 | $720 | 14% |
| Built year | - | 1926 | 14% |
| HOA | $260.0 | $350 | 43% |
| Days on market | 95 | 129 | 14% |
Pricing History
Listed for Sale
Dec 1, 2025
$535,000
Initial Listing