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5336 Lemon Grove Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 6 bed, 4 bath

5336 Lemon Grove Avenue, Los Angeles, California 90038 home-pic-0
ACTIVE$1,799,999
5336 Lemon Grove Avenue, Los Angeles, California 90038
6Beds
4Baths
3,059Sqft
7,004Lot
Year Built
1911
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$588
HOA
-
Days on market
-
Sold On
-
MLS number
WS24149690
Home ConditionExcellent
Features
Excellent View: None
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(67th), sqft - 3059(50th), beds - 6(83th), baths - 4(67th).

Discover a charming East Hollywood property featuring two separate units on a spacious lot, perfect for both investment and self-living. The first unit, at 5336 Lemon Grove Avenue, is a fully remodeled 1,727 sq. ft. home with 3 bedrooms, 2 baths, a den, and a versatile basement, boasting new windows, electrical wiring, plumbing, and A/C. The second unit, at 5338 Lemon Grove Avenue, is a brand-new, modern two-story residence with 3 bedrooms, 2.5 baths, floor-to-ceiling windows, and an expansive rooftop terrace with stunning views of the Hollywood sign. Both units are bright, airy, and conveniently located near shopping, dining, transportation, and top-rated schools, making this property an exceptional opportunity for savvy investors or those seeking a comfortable home in a prime location.

Price History

Date
Event
Price
02/18/20
Sold
$1,460,000
03/21/17
Sold
$750,000
Condition Rating
Excellent
This property features two units, one of which is a 'brand-new, modern two-story residence' and the other is 'fully remodeled' with new windows, electrical wiring, plumbing, and A/C. The images confirm high-quality, contemporary finishes in both kitchens (stainless steel appliances, quartz/waterfall countertops, modern cabinetry) and bathrooms (sleek vanities, tiled showers, modern fixtures). All flooring appears new, and lighting is modern throughout, indicating all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Dual Income/Living Opportunity: Features two distinct units (one fully remodeled, one brand new), providing versatile options for rental income generation or multi-generational living.
Extensive Modern Upgrades: Unit 1 boasts recent full remodeling including new windows, electrical, plumbing, and A/C, while Unit 2 is a brand-new, modern construction.
Prime East Hollywood Location: Strategically located near essential amenities such as shopping, dining, transportation, and reputable schools, enhancing convenience and property value.
Iconic Hollywood Sign Views: The second unit offers an expansive rooftop terrace with stunning, direct views of the Hollywood sign, a highly desirable and unique selling point.
Generous Lot Size: The property sits on a spacious 7,004 sq. ft. lot, offering valuable outdoor space in a densely populated urban area.

Cons

Age of Original Structure: While extensively updated, the 1911 build year of the original unit may still present potential concerns regarding unseen historical elements or long-term structural integrity.
Shared Living Dynamics: As a duplex, the property inherently involves shared spaces or close proximity between units, which might not appeal to buyers seeking absolute privacy or a traditional single-family home experience.
Higher Management Complexity: Managing two separate units, whether for personal use or as rentals, typically entails greater maintenance coordination and administrative effort compared to a single-unit property.

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