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5826 Ernest Ave, Los Angeles, CA 90034
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5826 Ernest Ave Los Angeles, CA 90034

$1,200,000 Sold Price as of 08/01/2022
  • 4 Beds
  • 2 Baths
  • 2,406 Sq.Ft.
Sold
$1,200,000 Sold Price as of 08/01/2022 Refinance Your Mortgage
Map preview of 5826 Ernest Ave, Los Angeles, CA 90034

Property Overview: 5826 Ernest Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,406 living square feet and 5,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Derek Reilly | BRE #02072548 | KW Advisors
Co-listed by David Miller | BRE #02105346 | KW Advisors
Last checked: 8 minutes ago | Last updated: August 1st, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
5,000
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22158699
City
Los Angeles
County
Los Angeles
Time on Site
721 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $843
  • Total Rent: $843
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,900
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20.19
  • Gross Scheduled Income: --
  • Net Operating Income: $33,860
  • Gross Operating Income: $56,925
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 5826 Ernest Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 5065019009
  • Architectural Style: Mediterranean
Location / Neighborhood
Location Information
  • Directions: Located off Washington Blvd on Ernest Ave after you cross Burchard Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 5826 Ernest Ave

Last sold for $1,200,000 on August 1st, 2022

  • August, 2022

  • Aug 1, 2022

    Date

    Sold

    CRMLS: 22158699

    $1,200,000

    Price

  • May 18, 2022

    Date

    Active

    CRMLS: 22158699

    $1,149,500

    Price

  • May, 2022

  • May 31, 2022

    Date

    Canceled

    CRMLS: 22158697

    $1,149,500

    Price

  • May 18, 2022

    Date

    Active

    CRMLS: 22158697

    $1,149,500

    Price

  • Listing provided courtesy of CRMLS

  • February, 2021

  • Feb 22, 2021

    Date

    Expired

    CRMLS: 20654900

    $1,199,000

    Price

  • Jan 11, 2021

    Date

    Withdrawn

    CRMLS: 20654900

    $1,199,000

    Price

  • Nov 3, 2020

    Date

    Active

    CRMLS: 20654900

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

    Tenant occupied under rent control

  • October, 2018

  • Oct 10, 2018

    Date

    Sold

    CRMLS: P0-818001379

    $937,500

    Price

  • Aug 21, 2018

    Date

    Pending

    CRMLS: P0-818001379

    $985,375

    Price

  • Aug 20, 2018

    Date

    Price Change

    CRMLS: P0-818001379

    $985,375

    Price

  • Jun 27, 2018

    Date

    Active Under Contract

    CRMLS: P0-818001379

    $984,875

    Price

  • Jun 27, 2018

    Date

    Price Change

    CRMLS: P0-818001379

    $984,875

    Price

  • Mar 28, 2018

    Date

    Active

    CRMLS: P0-818001379

    $895,000

    Price

  • Listing provided courtesy of CRMLS

    COURT CONFIRMATION REQUIRED; LISTING PRICE REFLECTS FIRST OVERBID PRICE. Court date is Aug 21 at 8:30am at 111 North Hill St in downtown Los Angeles . Court date is Aug 21 at 8:30am at 111 North Hill St in downtown Los Angeles. Prime Location! Culver City Adjacent Mid City Los Angeles! Close to transportation, freeways, markets dining and shopping. This Two-Story Duplex is centrally located and boasts two unit that are very similar with two bedrooms, one bath formal living room and separate dining area between living room and kitchen. Both kitchens are very spacious and feature updated cabinetry with ample cupboards and counter top, built in dishwashers, adjacent large laundry rooms and wood style flooring in various rooms. The upstairs unit also includes an enclosed sun porch that may be used as a den, hobby room or a wonderful place to read the paper in the morning! The common area includes a spacious backyard and a side yard with citrus tree that makes the best libations. There are two garage spaces; one for each unit. In addition, street parking is available. Please check with the City of Los Angeles for overnight parking restrictions and/or permits. This is a probate sale that requires court confirmation. Opportunity Knocks...Open these Doors!

  • October, 2018

  • Oct 10, 2018

    Date

    Sold (Public Records)

    Public Records

    $937,500

    Price

  • May, 2017

  • May 8, 2017

    Date

    Active

    CRMLS: CV17100705

    $500,000

    Price

  • Listing provided courtesy of CRMLS

    PLEASE READ CAREFULLY: This is ONE HALF a sale, only, 50% UNDIVIDED interest. The other half is currently in probate. There are two units, 5828, upstairs and 5826, downstairs. Each unit has 2 bedrooms and 1 bath. Each unit has a single car garage. The upsatirs unit is larger than the downstairs unit. The upstairs unit has an additional "sun porch" area. This property was renovated in 1997. This property is central to most of Los Angeles. Nearby shopping, schools and freeway access. Income, Expenses and Net Operating Income are reported at gross but only half is the responsibility of this sale listing. DO NOT DISTURB TENANTS. APPOINTMENTS TO SHOW MUST BE CONFIRMED, AT LEAST, 48 HOURS IN ADVANCE.

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Tax History for 5826 Ernest Ave

Assessed Value (2020): $956,250
Year Land Value Improved Value Assessed Value
2020 $727,260 $228,990 $956,250

Home Value Compared to the Market

This property vs the competition

5826 Ernest Ave sold on August 1, 2022 for 3.4% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $477.76 per/sqft which puts the price per square foot 36.72% lower than the current median sale per square foot for the city of Los Angeles.

About 5826 Ernest Ave

Detailed summary of property

5826 Ernest Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,406 living square feet, and sits on an approximately 5,000 square foot lot. 5826 Ernest Ave was first listed on ArdentRealEstateGroup.com on May 19, 2022. The homeowner sold the property for $1,200,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 3.4% lower than the current median priced home. Local homes that are currently for sale include 1814 S Sycamore Ave, 1432 S Cloverdale Ave and 4840 Mascot St. While the average home in Los Angeles, CA is selling in 94 days, 5826 Ernest Ave has a days on market of 41 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 5826 Ernest Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5826 Ernest Ave

Public county record property details
Beds
4
Baths
2
Year built
1924
Sq. Ft.
2,406
Lot Size
4,999
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
192
APN
5065-019-009

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,999,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
43
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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