$1,395,000

5847 Ernest Avenue

Los Angeles CA, 90034

Description

5847 Ernest Ave is a clean 4-unit building located in the sought-after Palms/Culver community. The building was built in 1924 and consists of 3,210 SF of living space situated on a 5,000 SF lot. The property offers a great unit mix consisting of (4) 1-bed/1-bath units. The property has been well maintained and features a 2-car garage. This is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historical low. Located in the Palms/Culver neighborhood of Los Angeles, 5847 Ernest Ave is an excellent owner-user buy, allowing for an owner to live in one unit and enjoy the top of the market rental income from the others.

Details

MLS#SB20226162
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1924
Days On Site130

Features

SQ Feet3,210
Acreage0.11
Water FrontNo
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Area Information
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90034
AreaC16 - Mid Los Angeles
Listing VS Median (in 90034)
Price:
$1,395,000
low | high
Med:
$2,513
100% of Average
SqFt:
3,210
low | high
Med:
924
100% of Average
$ / SqFt:
$435
low | high
Med:
$3
100% of Average
On Site:
130
low | high
Med:
149.500000
86.95652173913% of Average
Sourced by Back At You
Listing Updated: February 10, 2021 8:39:47 AM PST
Brett Lyon LogoMLS Number: SB20226162
Listing Provided By:
Brett Lyon  of  Lyon Stahl Investment Real Estate Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.