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5418 Lemon Grove Ave
For Sale $1,780,000 ($380.26 per Sq Ft)
$1,780,000 ($380.26 per Sq Ft)
- 5 Units
- 4,681 Sq Ft
- 7,002 Sq Ft
- Unknown Cap Rate
Description
Charming Contemporary style 5-units apartment building in the prestigious and desirable location in Hollywood area! This two buildings comprises of the front building with 4-units each with two bedrooms, two bathrooms and also the rear building with 1-unit with one bedroom, one bathroom on the top of the 4-car garage/ storage and 5 assigned parking spaces in the open communal parking area. The units offer large living /dining area with bright kitchen with granite countertops and spacious breakfast area. Remodeled and very spacious 2 bedrooms with great views and two updated bathrooms. Easy access to 101 Freeway and close proximity to all the main shopping centers and restaurants and between Santa Monica Blvd and Sunset Blvd by Wilton and Western Ave. Great value. Enjoy the Hollywood Lifestyle and the views of Hollywood Sign!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,780,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,681 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1923 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5535009021 |
| MLS # | 24416577 |
| Property ID | 320681532 |
| Lot Sqft | 7,002 |
| Zoning | LAR2 |
| Total Units | 5 |
| Days on Market | 145 |
| Original List Price | $1,895,000 |
| Date Updated | December 04, 2024 |
| Date Created | July 17, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,895 | $2,100 |
| Unit #2 | 2 | 2.00 | $1,535 | $3,000 |
| Unit #3 | 2 | 2.00 | $2,800 | $3,000 |
| Unit #4 | 2 | 2.00 | $1,215 | $3,000 |
| Unit #5 | 2 | 2.00 | $2,695 | $2,800 |
| Gross Income (Yr) | $ 121,680 |
| Operating Expenses | $ 32,215 |
| Net Income (Yr) | $ 87,125 |
Listing Provided By
Vangelis Korasidis an agent of . Lic #01222626
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