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Listed by Jorge Marquez • RE/MAX 2000 REALTY
$ 550,000
Est. payment /mo
Active Under Contract
5101 Lemon Grove Los Angeles, CA 90029
1,977 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,977 sqft
Price per Sqft $278
MLS Listing ID CV-26014296
Year Built 1920
Lot Size 5,206 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
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.
Location
State CA
County Los Angeles
Interior
Fireplaces Type Living Room
Laundry Outside
Exterior
Parking Features Driveway
Pool None
Community Features Sidewalks, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer