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5317 Lemon Grove Ave
Los Angeles, CA 90038
Multifamily Property For Sale
·
16 Units
Investment Highlights
- 100% one-bedroom unit mix, offering operational simplicity and broad tenant appeal
- Long-term on-site manager providing consistent oversight and tenant management
- Strong in-place rental income with future upside potential
- Historically well-maintained asset with pride of ownership
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $324,375 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 11,245 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1951 |
| Apartment Style | Low-Rise | Parking Ratio | 1.07/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | LAR2 | ||
| Price Per Unit | $324,375 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 11,245 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $2,560 CAD | 727 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $635,746 CAD | |
| Land Assessment | $1,483,490 CAD | Total Assessment | $2,119,236 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,483,490 CAD
Improvements Assessment
$635,746 CAD
Total Assessment
$2,119,236 CAD
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