Sold: May 27, 2021
Address
5847 Ernest Avenue Los Angeles, CA
Price
$ 1,000,000
Property Attributes
  • MLS#SB20226162
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90034
  • Style
  • Price$ 1,000,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size5,000 SqFt
Listing Provided Courtesy Of:
Brett Lyon with Lyon Stahl Investment Real Estate, Inc..
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

5847 Ernest Ave is a well maintained 4-unit building located in the sought-after Palms/Culver community. Built in 1924, the property is comprised of (4) 1-bed/1-bath units, totaling 3,210 SF of living space on a 5,000 SF lot. Located on a quiet residential street, the property features (1) 2-car garage with ample street parking. 5847 Ernest Ave is an excellent opportunity for a potential buyer to obtain 30-year fixed residential financing while rates are at a historical low, and enjoy top of the market rental income as either an owner-user or an investor.

Price History
10/27/2020 Listed $1,450,000
2/10/2021 4% - $1,395,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90034

Price
AVG $2.05M
$1M

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