5437 Lemon Grove Avenue, Los Angeles
Los Angeles Home For Sale
See DOCs section for OM. Property must be purchased together with two adjacent lots 5431 and 5441 Lemon Grove Ave. The Highlight Group of Equity Union as the exclusive listing agent are pleased to present the opportunity to acquire 5431-5441 Lemon Grove Ave., a 20,999 square foot development site of three contiguous lots located in prime Hollywood. The site is zoned R2-1XL | TOC Tier 2 but a developer may be able to significantly increase the density through the Executive Directive 1 program (Buyer to independently verify). The lots are currently improved with a combined 9 Los Angeles Rent Stabilization Ordinance units (5431 is a duplex, 5437 is a triplex, and 5441 is a fourplex), of which 8 are vacant. The ninth tenant is significantly behind on current rent, also owes significant back rent from the Eviction Moratorium and the owner is currently engaging counsel with a very good reputation and track record to start the eviction process.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90038
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- MLS® #:
- 24403365
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- Lot Size:
- 0.16
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 31st, 2024 at 3:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.