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5901 Ernest Ave, Los Angeles, CA 90034
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5901 Ernest Ave Los Angeles, CA 90034

$849,000 Sold Price as of 12/27/2021
  • 6 Beds
  • 3 Baths
  • 1,450 Sq.Ft.
Sold
$849,000 Sold Price as of 12/27/2021 Refinance Your Mortgage
Map preview of 5901 Ernest Ave, Los Angeles, CA 90034

Property Overview: 5901 Ernest Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 1,450 living square feet and 5,106 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A great location and great opportunity to purchase a duplex with two 2 Bed / 1Bath units on a lot on a quiet cul-de-sac against Ballona Creek in the Culver City Arts District neighborhood. Each unit come with a one-car garage. Two Gas &Electric meters with two separate addresses. Minutes away from Helms Bakery District, Kaiser Permanente, Hamilton High School, and many of Culver's studios.

Listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Co-listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Last checked: 58 seconds ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft
5,106
HOA Dues
$0/mo
Year built
1970
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21761954
City
Los Angeles
County
Los Angeles
Time on Site
1038 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: $1,292
  • Total Rent: $1,292
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,508
  • Total Rent: $1,508
  • Pro Forma/Market Rent: $2,175
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 26.7
  • Gross Scheduled Income: --
  • Net Operating Income: $18,812
  • Gross Operating Income: $33,614
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5901 Ernest Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Detached Carport
Property Information
  • Total # of Units: 2
  • Parcel Number: 5065018029
Location / Neighborhood
Location Information
  • Directions: Please refer to Google maps or Waze.
View more facts & features

Local Los Angeles Agent

Sale History for 5901 Ernest Ave

Last sold for $849,000 on December 27th, 2021

  • July, 2021

  • Jul 16, 2021

    Date

    Active

    CRMLS: 21761954

    $899,000

    Price

Tax History for 5901 Ernest Ave

Assessed Value (2020): $620,806
Year Land Value Improved Value Assessed Value
2020 $530,604 $90,202 $620,806

Home Value Compared to the Market

This property vs the competition

5901 Ernest Ave sold on December 27, 2021 for 24.45% 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 $620 per/sqft which puts the price per square foot 17.88% lower than the current median sale per square foot for the city of Los Angeles.

About 5901 Ernest Ave

Detailed summary of property

5901 Ernest Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 1,450 living square feet, and sits on an approximately 5,106 square foot lot. 5901 Ernest Ave was first listed on ArdentRealEstateGroup.com on July 16, 2021. The homeowner sold the property for $849,000. 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 24.45% lower than the current median priced home. Local homes that are currently for sale include 11466 Venice Blvd, 5965 West Blvd and 3616 W 61st St. While the average home in Los Angeles, CA is selling in 92 days, 5901 Ernest Ave has a days on market of 98 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5901 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 5901 Ernest Ave

Public county record property details
Beds
2
Baths
4
Year built
--
Sq. Ft.
1,450
Lot Size
5,105
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
B
APN
5065-018-029

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
$1,899,000
Median List Price/Sq.Ft.
$925
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
42
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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Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 5901 Ernest Ave

5921 Dauphin St, Los Angeles, CA 90034
$2,160,000 Last Sold Price
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19 Baths
-- Sq.Ft.
5921 Dauphin St
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5850 Ernest Ave, Los Angeles, CA 90034
$1,134,000 Last Sold Price
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5826-5828 Ernest Ave, Los Angeles, CA 90034
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$1,600,000 Last Sold Price
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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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