5076 Lemon Grove Avenue
Los Angeles, CA, 90029
$1,650,000
MLS: 26995431
Beds
7
Baths
4
Sq Ft
4,876
Lot
0.13 ac
Year Built
1925
MLS #
26995431
Days on Market
9
Listed
Oct 6, 2026
Description
Located in Melrose Hill, this distinctive 1920s English Tudor fourplex offers approximately 4,876 square feet across two separate duplex buildings on a corner lot. Rich in original character, the four spacious units feature nine-foot ceilings, crown molding, hardwood floors, period architectural details, decorative fireplaces and abundant natural light. Each unit has its own washer and dryer, refrigerator, wall air conditioning, water heater, and separate gas and electric meters. The property includes two one-car garages and additional off-street parking for up to six vehicles in total, along with landscaped outdoor areas framed by mature trees. Three units are tenant-occupied, generating $8,224 in current monthly rental income, while the fourth is owner-occupied. Conveniently located near Larchmont Village, Paramount Studios, Hollywood and Koreatown, with easy access to the 101 Freeway. An opportunity for investors or owner-users seeking a character-filled income property in Melrose Hill. Please do not disturb occupants.
Location
Los Angeles, Los Angeles County, CA 90029
Open on Google Maps ↗Listed by: Natalie Novarro · Sotheby's International Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$12,919
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $165,000 · Loan: $1,485,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $10,282
- Property tax (1.25%)
- $1,719
- Homeowners insurance
- $300
- Mortgage insurance
- $619
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $57,750 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Los Angeles, CA 90029 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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