5317 Lemon Grove Ave - Apartments FOR SALE


Los Angeles, CA 90038- East Hollywood
$3,750,000 USD
213-605-5359
5317 Lemon Grove Ave, Los Angeles, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

5317 Lemon Grove Ave
Los Angeles, CA 90038
East Hollywood


HIGHLIGHTS

  • 100% one-bedroom unit mix, offering operational simplicity and broad tenant appeal
  • Strong in-place rental income with future upside potential
  • Long-term on-site manager providing consistent oversight and tenant management
  • Historically well-maintained asset with pride of ownership

OVERVIEW

5317–5323 Lemon Grove Avenue offers investors a rare opportunity to acquire a well-maintained 16-unit apartment community featuring a highly desirable and efficient unit mix of sixteen (16) one-bedroom units. The property's consistent occupancy history, stable tenant base, and hands-on management make it an attractive investment for both seasoned multifamily operators and first-time apartment investors. A significant advantage of this asset is the presence of a long-term on-site manager who has successfully overseen the property for many years, contributing to excellent tenant relations, efficient day-to-day operations, and reduced management burden. This established management structure provides a seamless transition for new ownership and helps support continued operational stability.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$645 USD /SF

# OF UNITS

16

PRICE/UNIT

$234,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LAR2

APN/PARCEL ID

5535-007-002,5535-007-003

ASK ABOUT THIS PROPERTY

Jin ChoDream Realty & Investments, IncMore Info
213-605-5359

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Jin ChoDream Realty & Investments, IncMore Info
213-605-5359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.