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$1,299,000

Beds
5
Baths
2.5
sq ft
1,876

5342 Lemon Grove Ave, Los Angeles, CA 90038

5342 Lemon Grove Ave

Los Angeles, CA 90038

  • 304 days on market
    • Price drop $50,000↓
Beautifully Upgraded 5-Bedroom Pool Home w/ ADU in Highly-Desirable Melrose Hills Neighborhood! Having undergone recent renovations, this stunner features designer finishes throughout & is move-in ready. Open modern-concept layout w/ hardwood flooring, crown mouldings, & ceiling fans throughout. Living room w/ brick fireplace & built-in surround-sound system. Adjacent dining area w/ sliding patio doors for al-fresco dining. Chef's kitchen w/ shaker cabinets, quartz countertops, high-end stainless-steel appliances, & dine-in bar. Upgraded bathrooms w/ designer marble-top vanities. ADU studio unit features full bathroom/kitchen & mini-split HVAC system. Spacious backyard w/ swimming pool, built-in BBQ/outdoor kitchen area, firepit, & gazebo - perfect for entertaining! Other upgrades include copper plumbing & 200-amp electrical panel. Fully gated lot. Laundry room. Central AC + Heat. Storage shed. Plenty of driveway parking. R2 Zoning provides possible future development opportunities. Just minutes to Wilshire Country Club & the best shopping, dining, & entertainment the area has to offer. Turnkey!

Details

Property type

Single Family Residence

Est. home value

$1,357,826

Lot size

7,001 sq ft

Price per sq ft

$693

Year built

1920

Price History

11/30/2023
CLAW

CLAW #23307919

Listed
$1,299,000
+35.31%
10/21/2020
CLAW

CLAW #20626824

Sold
$960,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$423,512
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$771,568
Cash to seller
$423,512

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Franklin Loan Center

Loan start date

August 2021

Original loan amount

$822,375

Est. remaining balance

$771,568

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

John Hong Chae and Francis Anguiano Chae

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/05/2024 at 6:20 PM

Listing updated: 02/16/2024 at 10:15 AM

Listed by: Oliver Moussazadeh, Revilo Realty, Inc. Phone #: (310) 422-3374

MLS: CLAW #23307919

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