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5342 Lemon Grove Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 5 bed, 4 bath

5342 Lemon Grove Avenue, Los Angeles, California 90038 home-pic-0
ACTIVE$1,349,000
5342 Lemon Grove Avenue, Los Angeles, California 90038
5Beds
4Baths
1,869Sqft
7,003Lot

Price Vs. Estimate

The estimated value ($1,349,000) is $0 (0%) lower than the list price ($1,349,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating ADU: Features a fully permitted 1-bedroom, 1-bath Accessory Dwelling Unit, offering significant potential for rental income, guest accommodation, or multi-generational living.
Top Cons:
Age of Original Structure: Built in 1920, the property's original structure is over a century old, which, despite updates, may present unique maintenance considerations or limitations compared to newer construction.

Compared to the nearby listings

Price:$1.35M vs avg $1.07M (+$283,000)93%
Size:1,869 sqft vs avg 1,796 sqft50%
Price/sqft:$722 vs avg $59679%

More Insights

Built in 1920 (105 years old).
Condition: Despite being built in 1920, this property has undergone extensive and recent modern renovations, bringing it to an 'excellent' condition. The description highlights 'Extensive Modern Upgrades' including hardwood floors, recessed lighting, crown molding, and a 'chef's kitchen with quartz counters, shaker cabinets, and stainless appliances.' Images confirm a contemporary kitchen and a bathroom with modern tiling and fixtures, appearing virtually new. Key system renovations such as updated plumbing, a new roof, and a new 200-amp electrical panel further support a high-quality, recently updated status. While the absence of central air conditioning is noted, it does not detract from the overall newness and quality of the renovated components and systems.
Year Built
1920
Close
-
List price
$1.35M
Original List price
$1.4M
Price/Sqft
$722
HOA
-
Days on market
-
Sold On
-
MLS number
25594559
Home ConditionExcellent
Features
Pool
Patio
ViewCity Lights,Pool

About this home

On a quiet, neighbor-friendly street in Melrose Hill, 5342 Lemon Grove Avenue is that rare blend of charm, privacy, and opportunity. The kind of place that feels good to come home to. Located minutes from Larchmont Village, Koreatown, Hollywood, and Paramount Studios, it's right in the center of everything LA. Behind private gates, you'll find an updated 4-bedroom, 2.5-bath main home- plus a fully permitted 1-bedroom, 1-bath ADU... perfect for rental income, guests, or extended family. Inside, all the modern upgrades: hardwood floors, recessed lighting, crown molding, and a chef's kitchen with quartz counters, shaker cabinets, and stainless appliances. Slide open the sliding-glass doors to your own backyard resort. Complete with a sparkling pool, built-in BBQ, firepit, and gazebo lounge that make every day feel like a getaway. With updated plumbing, a new roof, a new 200-amp electrical panel, and R2 Zoning, this property is built for both comfort and long-term upside. 5342 Lemon Grove Ave: Where great neighbors, good energy, and LA living all come together.

Price History

Date
Event
Price
10/21/20
Sold
$960,000
Condition Rating
Excellent
Despite being built in 1920, this property has undergone extensive and recent modern renovations, bringing it to an 'excellent' condition. The description highlights 'Extensive Modern Upgrades' including hardwood floors, recessed lighting, crown molding, and a 'chef's kitchen with quartz counters, shaker cabinets, and stainless appliances.' Images confirm a contemporary kitchen and a bathroom with modern tiling and fixtures, appearing virtually new. Key system renovations such as updated plumbing, a new roof, and a new 200-amp electrical panel further support a high-quality, recently updated status. While the absence of central air conditioning is noted, it does not detract from the overall newness and quality of the renovated components and systems.
Pros & Cons

Pros

Income-Generating ADU: Features a fully permitted 1-bedroom, 1-bath Accessory Dwelling Unit, offering significant potential for rental income, guest accommodation, or multi-generational living.
Prime Central Location: Strategically located minutes from Larchmont Village, Koreatown, Hollywood, and Paramount Studios, providing excellent access to major LA hubs and amenities.
Extensive Modern Upgrades: The main home boasts modern interior finishes including hardwood floors, recessed lighting, crown molding, and a chef's kitchen with quartz counters and stainless appliances.
Resort-Style Outdoor Living: A private backyard oasis complete with a sparkling pool, built-in BBQ, firepit, and gazebo lounge, creating an ideal space for entertaining and relaxation.
Key System Renovations & R2 Zoning: Benefits from updated plumbing, a new roof, and a new 200-amp electrical panel, ensuring long-term comfort and reduced immediate maintenance, coupled with R2 zoning offering future development potential.

Cons

Age of Original Structure: Built in 1920, the property's original structure is over a century old, which, despite updates, may present unique maintenance considerations or limitations compared to newer construction.
Absence of Central Air Conditioning: While extensive modern upgrades are noted, the description does not mention a central air conditioning system, which could be a notable comfort concern during hot Los Angeles summers.
Potential for Limited Parking: The description mentions 'private gates' but does not specify ample dedicated off-street parking, which can be a significant challenge and highly valued amenity in dense Los Angeles neighborhoods.

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