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5233 Lemp Avenue — Valley Village | Belmont Brokerage | Belmont Brokerage

Active

+51 more

$1,249,942

2 DOM

— bd— ba— sqft

Call

5233 Lemp Ave Valley Village, CA 91601

6,800sqft lot

Set on a generous 6,800 square foot lot, this charming California Traditional property offers a rare blend of comfort, functionality, and location, positioned immediately adjacent to the highly regarded Oakwood School. The thoughtfully landscaped grounds feature drip and sprinkler irrigation, ambient landscape lighting, and a serene in-ground hot tub spa with lighting, perfect for relaxing evenings. A plum tree enhances the backyard, while practical upgrades such as a water softener add to the home’s everyday livability. The main residence spans approximately 1,275 square feet and includes two bedrooms and two bathrooms. Interior highlights include a formal entryway, a dedicated dining room, and a welcoming living room centered around a wood-burning fireplace, which is already plumbed for gas. The kitchen comes fully equipped, featuring a brand-new 36-inch refrigerator, and both the washer and gas dryer are included. Bedrooms have dual-pane glass for added comfort. The home also offers permitted extra parking in front and is serviced by a new HVAC system. Complementing the main house is a versatile 298 square foot ADU, complete with a 3/4 bathroom with a certificate of occupancy 3/28/18 (non-rent controlled). This private space features French doors, a two-burner gas stove, tankless water heater, gas heater, and durable luxury vinyl plank flooring. The ADU is internet-ready with Spectrum service and includes a separate electric submeter (owner-monitored), while gas and electricity are shared with the main house. This unique property presents an exceptional opportunity to enjoy classic California living with added flexibility, security, and income or guest potential.

MLS BB26076617

818-953-5300 (Office) brad@bradkorb.com

Est. payment

$7,987/mo

Principal & interestTaxesInsurance

$6,320$1,302$365

Down %

Rate %

Years

Down payment: $249,988 · Total cost: $2,525,328

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,987/mo

Principal & interest: $6,320
Est. property tax: $1,302
Est. insurance: $365
Down payment: $249,988

Est. gross rent$5,208/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,779/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.