5347 Lexington Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 3 bed, 2 bath
ACTIVE$1,650,000
5347 Lexington Avenue, Los Angeles, California 90029
3Beds
2Baths
2,403Sqft
7,502Lot
Price Vs. Estimate
The estimated value ($1,093,967.84) is $556,032.16 (33%) lower than the list price ($1,650,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Hollywood Location: Situated in historic Hollywood, minutes from Los Feliz, Downtown, Sunset Blvd, Netflix, Paramount Studios, and Sunset Gower Studios, offering excellent access to entertainment and cultural hubs.
Top Cons:
Extensive Renovation Required: The property 'needs some TLC' and is presented as an opportunity for customization, indicating that significant investment in renovations and upgrades will be necessary.
Compared to the nearby listings
Price:$1.65M vs avg $990.0K (+$660,000)86%
Size:2,403 sqft vs avg 1,600 sqft86%
Price/sqft:$687 vs avg $67062%
More Insights
Built in 1916 (109 years old).
Condition: Built in 1916, the property is explicitly described as needing 'TLC' and being a 'diamond in the rough' for 'investors, builders, or anyone seeking to customize.' While some areas like the laundry room (modern washer/dryer, updated electrical panel) and one bathroom (recent, basic tile and pebble floor update) show improvements, the overall condition, including the dated and damaged fireplace area and the age of the home, suggests substantial repairs and rehabilitation are required. The lack of kitchen images, combined with the overall description, implies it's likely in a similar state, requiring significant investment to bring it to modern standards. This aligns with the 'Poor' category, indicating a need for extensive renovation beyond minor updates.
Year Built
1916
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$687
HOA
-
Days on market
-
Sold On
-
MLS number
25550493
Home ConditionPoor
Features
Good View: Hills, Peek-A-Boo
Pool
Patio
ViewHills, Peek-A-Boo
About this home
Located in historic Hollywood minutes from Los Feliz , Downtown and Sunset Blvd. A well coveted area next to Netflix, Paramount Studios, Sunset Gower Studios. This Charming 3Bd 2Bth with a guest suite & a huge backyard with a pool and enough parking for 5 cars. the house is 2400sqft on a 7500sqft. This home features an open concept layout perfect for family gatherings and entertaining. The private guest suite is perfect for multi generational living , rental, income generating or an office. there's also a flex room to be used as a den an additional bedroom or whatever your heart's desire. Upstairs you'll find the two generous size bedrooms with large walk in closets. As you venture into the generously sized back yard your imagination is free to dream. There's a pool and ample space for kids, outdoor entertaining and outdoor dining. This home needs some TLC it's prime opportunity for investors builders or anyone seeking to customize your home and bring your vision to life. this home has some additions so there's actually 2 additional bathrooms. So if you're looking to renovate, flip or build your forever home you don't want to miss this one- It's bursting with Potential.Endless possibilities truly a diamond in the rough.
Nearby schools
5/10
Kingsley Elementary School
Public,•K-5•0.2mi
3/10
Ramona Elementary School
Public,•K-6•0.4mi
4/10
Grant Elementary School
Public,•K-6•0.6mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.0mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.0mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.0mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.1mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•1.1mi
3/10
Harvard Elementary School
Public,•K-5•1.1mi
6/10
Dayton Heights Elementary School
Public,•K-5•1.3mi
5/10
Cahuenga Elementary School
Public,•K-5•1.6mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.6mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•1.6mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.7mi
3/10
Joseph Le Conte Middle School
Public,•6-8•0.7mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.5mi
5/10
Virgil Middle School
Public,•6-8•1.6mi
4/10
Young Oak Kim Academy
Public,•6-8•2.3mi
7/10
John Burroughs Middle School
Public,•6-8•2.7mi
4/10
Helen Bernstein High School
Public,•9-12•0.4mi
6/10
Hollywood Senior High School
Public,•9-12•1.9mi
8/10
John Marshall Senior High School
Public,•9-12•1.9mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•2.4mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•2.4mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•2.4mi
7/10
Fairfax Senior High School
Public,•9-12•3.2mi
3/10
Belmont Senior High School
Public,•9-12•3.3mi
Condition Rating
Poor
Built in 1916, the property is explicitly described as needing 'TLC' and being a 'diamond in the rough' for 'investors, builders, or anyone seeking to customize.' While some areas like the laundry room (modern washer/dryer, updated electrical panel) and one bathroom (recent, basic tile and pebble floor update) show improvements, the overall condition, including the dated and damaged fireplace area and the age of the home, suggests substantial repairs and rehabilitation are required. The lack of kitchen images, combined with the overall description, implies it's likely in a similar state, requiring significant investment to bring it to modern standards. This aligns with the 'Poor' category, indicating a need for extensive renovation beyond minor updates.
Pros & Cons
Pros
Prime Hollywood Location: Situated in historic Hollywood, minutes from Los Feliz, Downtown, Sunset Blvd, Netflix, Paramount Studios, and Sunset Gower Studios, offering excellent access to entertainment and cultural hubs.
Significant Value-Add Potential: Described as a 'diamond in the rough' needing 'TLC,' this property presents a prime opportunity for investors, builders, or buyers looking to customize and add substantial value.
Versatile Living Spaces: Features a private guest suite perfect for multi-generational living, rental income, or a home office, plus a flexible room for a den or additional bedroom, enhancing its adaptability.
Generous Lot with Outdoor Amenities: Boasts a large 7502 sqft lot with a pool and ample backyard space for outdoor entertaining, dining, and recreation, along with parking for up to 5 cars.
Spacious Interior with Open Concept: Offers a substantial 2403 sqft home with an open-concept layout ideal for family gatherings and entertaining, including generous bedrooms with large walk-in closets.
Cons
Extensive Renovation Required: The property 'needs some TLC' and is presented as an opportunity for customization, indicating that significant investment in renovations and upgrades will be necessary.
Potential Overpricing Relative to Estimated Value: The list price of $1.65M is considerably higher than the estimated property value of approximately $1.09M, which may deter some buyers or require strong justification.
Age-Related Maintenance & Systems: Built in 1916, the home likely has original systems and components that may require updating or replacement, contributing to the overall renovation costs and potential for unforeseen issues.