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Listed by Jorge Marquez, DRE #02083204 • RE/MAX 2000 REALTY
$550,000
Est. payment /mo
5,206 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRCV26014296
Year Built 1920
Lot Size 5,206 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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
Area 699 - Not Defined
Interior
Cooling None
Laundry Other
Exterior
Parking Features Other
Pool 31, None
Building
Story One Story
Water District - Public
Others
Tax ID 5535020016
Special Listing Condition Short Sale/ Subject to Lender, Accepting Backups
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Sharad Gupta
Broker License ID: 02213637
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