5437 Lemon Grove Ave, Los Angeles, CA 90038 - View 1
5437 Lemon Grove Ave, Los Angeles, CA 90038 - View 2
5437 Lemon Grove Ave, Los Angeles, CA 90038 - View 3
5437 Lemon Grove Ave, Los Angeles, CA 90038 - View 4
5437 Lemon Grove Ave, Los Angeles, CA 90038 - View 5

5437 Lemon Grove Ave, Los Angeles, CA 90038

Sale Price: $650,000
Jun 12, 20242,488 sqft3 beds0 baths
Listed by: Josh Kaplan
License #: 01934177
Phone #: 310-405-1890
Equity Union
Source:
CRMLS Logo
MLS #: 24403365

Property Description

Property must be purchased together with the adjacent lot 5431 Lemon Grove Ave. The Highlight Group of Equity Union as the exclusive listing agent are pleased to present the opportunity to acquire 5431-5437 Lemon Grove Ave., a 13,999 square foot development site of two 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 5 vacant Los Angeles Rent Stabilization Ordinance units (5431 is a duplex, 5437 is a triplex).
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,964

TurboHome Estimated Value

$1,073,800

$432 sqft

High Valuation
$1,127,490
$453/sqft
Normal Valuation
$1,073,800
$432/sqft
Low Valuation
$1,020,110
$410/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$432/sqft$1,073,800

Neighborhood: Hollywood

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Comparative Value

$650K

$780K

$950K

$1.10M

$1.15M

$1.45M

5437 Lemon Grove Ave, Los Angeles, CA 90038

Sale Price: $650,000

Selected Comparable

5431 Lemon Grove Ave, Los Angeles, CA 90038

Sale Price: $780,000

Selected Comparable

5441 Lemon Grove Ave, Los Angeles, CA 90038

Sale Price: $950,000

Selected Comparable

932 N Kingsley Dr, Los Angeles, CA 90029

Sale Price: $1,100,000

Selected Comparable

5437 Lemon Grove Ave, Los Angeles, CA 90038

List Price: $1,150,000

Subject Property

584 N Plymouth Blvd, Los Angeles, CA 90004

Sale Price: $1,450,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
5437 Lemon Grove Ave, Los Angeles, CA 90038

5437 Lemon Grove Ave, Los Angeles, CA 90038

List: $1,150,000

Listed: 6/12/2024

Area:2,488 sqft
Price/sqft:$462
Beds:3
Baths:
Year Built:
Lot Size:6,999

Comparable Properties

COMPARABLE
Choose comps
5437 Lemon Grove Ave, Los Angeles, CA 90038

5437 Lemon Grove Ave, Los Angeles, CA 90038

Sale: $650,000

7/25/20250.00 mi

Area:2,488 sqft
Price/sqft:$261
Beds:3
Baths:
Year Built:
Weight:27.1%
5431 Lemon Grove Ave, Los Angeles, CA 90038

5431 Lemon Grove Ave, Los Angeles, CA 90038

Sale: $780,000

7/25/20250.01 mi

Area:2,251 sqft
Price/sqft:$347
Beds:4
Baths:
Year Built:
Weight:21.3%
5441 Lemon Grove Ave, Los Angeles, CA 90038

5441 Lemon Grove Ave, Los Angeles, CA 90038

Sale: $950,000

7/25/20250.01 mi

Area:2,812 sqft
Price/sqft:$338
Beds:4
Baths:
Year Built:
Weight:20.7%
932 N Kingsley Dr, Los Angeles, CA 90029

932 N Kingsley Dr, Los Angeles, CA 90029

Sale: $1,100,000

2/3/20250.57 mi

Area:2,183 sqft
Price/sqft:$504
Beds:4
Baths:
Year Built:
Weight:17.4%
584 N Plymouth Blvd, Los Angeles, CA 90004

584 N Plymouth Blvd, Los Angeles, CA 90004

Sale: $1,450,000

3/18/20250.58 mi

Area:1,982 sqft
Price/sqft:$732
Beds:4
Baths:1
Year Built:
Weight:13.5%

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