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5086 Lemon Grove Ave, Los Angeles, California 90029, Los Angeles, 90029 - 1 bed, 1 bath

5086 Lemon Grove Ave, Los Angeles, California 90029 home-pic-0
ACTIVE$535,000
5086 Lemon Grove Ave, Los Angeles, California 90029
1Bed
1Bath
824Sqft
Lot
Year Built
Close
-
List price
$535K
Original List price
$535K
Price/Sqft
$649
HOA
$260
Days on market
-
Sold On
-
MLS number
25623615
Home ConditionExcellent
Features
Good View: Hills
ViewHills

About this home

We found 3 Cons,5 Pros. Rank: price - $535.0K(33th), sqft - 824(50th), beds - 1(50th), baths - 1(50th).

Welcome to 5086 Lemon Grove, a beautifully updated second-floor Tenancy-In-Common residence offering modern comfort, flexible use of space, and immediate income potential. The entire unit has been tastefully refreshed, including an upgraded kitchen and a renovated bathroom, creating a clean and cohesive living experience throughout.The home features thoughtful reconfiguration and custom improvements, including a spacious primary closet . The hallway has also been opened up, transforming the area into a bright, functional den or office, perfect for today's lifestyle needs.Additional conveniences include a private one-car garage equipped with an electric vehicle charger, rare for the area and ideal for long-term value. The property is currently tenant-occupied, making it an excellent opportunity for investors or buyers seeking a streamlined, income-producing asset.5086 Lemon Grove offers updated living, smart design, and prime convenienceall within an established TIC community.

Price History

Date
Event
Price
12/01/25
Listing
$535,000
Condition Rating
Excellent
The MLS description explicitly states that the 'entire unit has been tastefully refreshed, including an upgraded kitchen and a renovated bathroom.' The provided images corroborate this, showcasing a modern, minimalist aesthetic with new-looking wide-plank flooring, updated light fixtures, and a modern mini-split AC system. All visible components appear new or virtually new, indicating a recent and extensive renovation that meets current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Modern Updates & Design: The unit features a beautifully updated kitchen and renovated bathroom, along with thoughtful reconfigurations like a spacious primary closet and a functional den/office, offering modern comfort and flexible living.
Immediate Income Potential: Currently tenant-occupied, this property provides an immediate income stream, making it an attractive opportunity for investors or buyers seeking a streamlined, income-producing asset.
Private Garage with EV Charger: A significant advantage is the private one-car garage equipped with an electric vehicle charger, a rare and valuable amenity in the area that adds long-term value and convenience.
Desirable Los Angeles Location: Located in the Melrose Hill subdivision within the Hollywood MLS area, the property benefits from a prime Los Angeles location offering convenience and access to a vibrant urban environment.
Hills View: The property offers a desirable 'Hills' view, enhancing its aesthetic appeal and contributing to a pleasant living experience.

Cons

Tenancy-In-Common (TIC) Ownership: The Tenancy-In-Common (TIC) structure can present unique financing challenges and legal complexities compared to traditional condominium ownership, potentially narrowing the pool of eligible buyers.
Single Bedroom Configuration: As a 1-bedroom, 1-bathroom unit, its appeal may be limited for buyers requiring more living space or additional bedrooms, which could affect market demand.
Monthly Association Fee: A recurring monthly association fee of $260 adds to the overall cost of ownership, which prospective buyers will need to factor into their budget.

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