5-Unit Apartment
5418 Lemon Grove Ave, Los Angeles, CA 90038
For Sale
New
$1,799,000
Two buildings combine a four-unit residence with a separate apartment above garage and storage space.
Property Size4,681 SF
Days on Market4
Property Features for 5418 Lemon Grove Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Coldwell Banker Realty
Listed By:
Vangelis Korasidis · License CA #01222626
(310) 247-1500
Source:
Rochellemaize
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 11:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1923 apartment property consists of two buildings and five units. The front building contains four two-bedroom, two-bathroom apartments; a separate one-bedroom, one-bathroom unit sits above a four-car garage and storage area. The apartments feature living and dining areas, kitchens with granite countertops, and breakfast areas. The two-bedroom units have updated bathrooms.
The property includes five assigned spaces in an open communal parking area. It offers access to the 101 Freeway and is situated between Santa Monica Boulevard and Sunset Boulevard, near Wilton and Western avenues. Shopping centers and restaurants are also nearby.
The property includes five assigned spaces in an open communal parking area. It offers access to the 101 Freeway and is situated between Santa Monica Boulevard and Sunset Boulevard, near Wilton and Western avenues. Shopping centers and restaurants are also nearby.
Key Highlights
- Five apartments: four two‑bedroom, two‑bathroom units and one one‑bedroom, one‑bathroom unit
- Two‑building layout, with the rear apartment above a 4‑car garage and storage area
- Five assigned parking spaces in an open communal area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,321
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,420
$1.5M
Cap Rate 7%
$1,076,014
$1.1M
Cap Rate 9%
$836,900
$836.9K
Market Conditions
NOI Build-Up for 4,681 SF
Gross rent
$148.9K $31.80/SF
− Vacancy
−$11.9K −$2.54/SF
EGI
$136.9K $29.26/SF
− OpEx
−$61.6K −$13.17/SF
NOI
$75.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,420
Cap Rate 7%
$1,076,014
Cap Rate 9%
$836,900
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$941.5K – $1.26M
NOI $75,321 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,806 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings combine a four-unit residence with a separate apartment above garage and storage space.
Where is this apartment building located?
The property is located at 5418 Lemon Grove Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Five apartments: four two‑bedroom, two‑bathroom units and one one‑bedroom, one‑bathroom unit; Two‑building layout, with the rear apartment above a 4‑car garage and storage area; Five assigned parking spaces in an open communal area
