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$550,000
Est. payment /mo
3 Beds
2 Baths
5,206 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID CV26014296
Bedrooms 3
Lot Size 5,206 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction Lemon Grove and Oxford
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5535020016
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Need SS- No Lender Knwldg
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Listed by Jorge Marquez, DRE#02083204 RE/MAX 2000 REALTY
Nearby School & Business
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Nicole Hazelton-Meacham
Broker Associate License ID: 01819363
Broker Associate License ID: 01819363
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