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5101 Lemon Grove, Los Angeles, CA 90029

$550,000
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List Agent Jorge Marquez () RE/MAX 2000 REALTY; CoList ()

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List Price
$550,000
Status
ACTIVE UNDER CONTRACT
MLS#
CV26014296
Year Built
1920
Lot Size
5,206
Lot Location
0-1 Unit/Acre
Days on Market
256
Property Type
Multifamily
Short Sale
Yes
Property Sub Type
Duplex
Stories
One Level
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Property Description

***Short sale*** subject to lender approval. 5101 Lemon Grove Ave is a 1920s duplex in the East Hollywood area offering significant value-add potential for an experienced investor or contractor. Property has extensive deferred maintenance, including active roof leaks, ceiling and wall damage, visible cracking, and deteriorated bathroom and interior finishes, condition may impact habitability and will likely prevent traditional financing. Structure is sold strictly as is, with no repairs, credits, or warranties from seller or lender; buyer to conduct and rely on their own inspections, engineering evaluations, and due diligence regarding foundation, systems, and any health/safety conditions. Ideal for cash or hard-money buyers able to complete a substantial rehabilitation and reposition this property in a high-demand rental location.

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Additional Information

Pool Description
None
Fireplace Description
Living Room
Cooling Description
None
Sewer
Public Sewer
Water
Public
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Calculator source: Real Geeks

Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.