5826-5828 Ernest Avenue

Los Angeles, CA 90034

$1,200,000
Last Sold Price
4
Beds
2
Baths
2,406 Sq. Ft.
$499 / Sq. Ft.
2,406
Sq. Ft.
$499
per Sq. Ft.

Description

We are proud to present 5826 Ernest Ave. This DUPLEX features two extra large 2 bedroom 1 bathroom apartments and a convenient central location, just a stones throw away from all the best that Culver City Arts District and West Adams has to offer. Not only does this property have amazing proximity to great shopping and restaurants but is also close to the Culver City metro and freeways. One of the two units will be delivered vacant, making this a perfect "owner user" opportunity. Live in one unit...We are proud to present 5826 Ernest Ave. This DUPLEX features two extra large 2 bedroom 1 bathroom apartments and a convenient central location, just a stones throw away from all the best that Culver City Arts District and West Adams has to offer. Not only does this property have amazing proximity to great shopping and restaurants but is also close to the Culver City metro and freeways. One of the two units will be delivered vacant, making this a perfect "owner user" opportunity. Live in one unit and use the rent from the current tenant to offset your mortgage! There is also an amazing value add opportunity by turning the existing 2 car garage (also delivered vacant) into an ADU. According to previous investigations there can be up to 2 ADU's on the property. This would allow you to have 4 units paying rent and increase your cash flow exponentially! (Please do your own due diligence in regards to the building of ADU structures on the property. Broker makes no guarantees). Contact the Listing Agents with any additional questions. Please do not disturb tenants.
  1. Listed by Derek Reilly • DRE #02072548 • Brokerage DRE #01854200 • KW Advisors
  2. Listed by David Miller • DRE #02105346 • Brokerage DRE #01854200 • KW Advisors

Property Details for 5826-5828 Ernest Avenue

Zoning
LARD1.5
Style
Mediterranean
Parcel Number
5065019009
Total Units
2.0
Living Area
2406
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
50

Location

Listing Courtesy of KW Advisors, Derek Reilly, DRE #02072548; KW Advisors, David Miller, DRE #02105346

Sold By Nourmand & Associates-HW, Mark Alan Walker, DRE #01309961

Add your commute
LISTING UPDATED: 08/01/2022 12:36 PM

Property Details for 5826-5828 Ernest Avenue

StatusSold
MLS #22-158699
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.11 AC / 5,000 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Advisors, Derek Reilly, DRE #02072548; KW Advisors, David Miller, DRE #02105346

Sold By Nourmand & Associates-HW, Mark Alan Walker, DRE #01309961

Add your commute

Virtual Tour

Building Information for 5826-5828 Ernest Avenue

Stories2Residences-Year Built1924Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$6,549 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5826-5828 Ernest Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $56,925
  • Net Operating Income: $33,860.00
  • Gross Income: $56,925
  • Gross Rent Multiplier: $20.19
  • Total Annual Expense: 20641
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 5000
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-18-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $843.75
  • Unit Actual Rent: $843.75
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $231,362.00
  • Assessed Improvement Percent: 23.95
  • Assessed Land Value: $734,794.00
  • Assessed Land Percent: 76.05
  • Assessed Total Value: $966,156.00

Property History for 5826-5828 Ernest Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5826-5828 Ernest Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Marvin Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Derek Reilly, DRE #02072548; KW Advisors, David Miller, DRE #02105346

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.