5841 Ernest Avenue

    Los Angeles (City), CA 90034
    • $2,500,000
    • STATUS: Active
    • ON SITE: 48 days
    • MLS #: 19504426
    UPDATED: 76 min ago
    $2,500,000
    • 8
      BEDS
    • 0.11
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,840
      SQFT
    • $651
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Live near the Culver City arts district & generate income at the same time? Located in one of the hottest neighborhoods on the Westside, that is home to some of the best dining, entertainment & shopping, this four-plex offers a prime investment opportunity. Own in a neighborhood known for Second Saturdays where you are invited to explore art galleries, and the Art Walk & Roll Festival that features interactive experiences, live music, food trucks and more. All units are individually metered w/ their own water heaters & laundry hook-ups. Seize this moment to live next to Helms Bakery, Downtown Culver City, The Platform, Ivy Station & so much more.

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    Based on information from CARETS as of 2019-10-17T20:50:26.71. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/98478020

    5841 Ernest Avenue Los Angeles (City), CA 90034

    • Price: $2,500,000
    • Status: Active
    • Updated: 76 min ago
    • MLS #: 19504426
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,840
    SQFT
    $651
    $/SQFT
    1924
    Built
    Neighborhood:
    Mid Los Angeles (C16)
    County:
    Los Angeles
    Area:
    Mid Los Angeles (C16)
    Property Description
    Live near the Culver City arts district & generate income at the same time? Located in one of the hottest neighborhoods on the Westside, that is home to some of the best dining, entertainment & shopping, this four-plex offers a prime investment opportunity. Own in a neighborhood known for Second Saturdays where you are invited to explore art galleries, and the Art Walk & Roll Festival that features interactive experiences, live music, food trucks and more. All units are individually metered w/ their own water heaters & laundry hook-ups. Seize this moment to live next to Helms Bakery, Downtown Culver City, The Platform, Ivy Station & so much more.
    Exterior Features

    Parking Spaces Total 4 Parking Type AssignedOn Street

    Interior Features

    Appliances Garbage DisposalGas Dryer Hookup Cooling Type Central A/CNone Heating Type Central Furnace Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 2

    Property Features

    Actual Annual Gross Rent 72756.00 Actual Gross Annual Income 73716.00 Adjusted Gross Income 160140.00 Country United States Of America Expense Electric 630.00 Expense Gardener 960.00 Expense Insurance 3092.00 Expense Other 500.00 Expense Pest 250.00 Expense Tax 31250.00 Expense Total Annual 37832.00 Expense Water 1150.00 Garage Income 960.00 Gross Operating Income 160140.00 Gross Rent Multiplier 15.67 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 122308.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 2995.00 Unit Monthly Rent02 3495.00 Unit Monthly Rent03 1404.00 Unit Monthly Rent04 1664.00 Unit Projected Total Monthly Rent01 3200.00 Unit Projected Total Monthly Rent02 3495.00 Unit Projected Total Monthly Rent03 3300.00 Unit Projected Total Monthly Rent04 3300.00 Unit Total Monthly Rent01 2995.00 Unit Total Monthly Rent02 3495.00 Unit Total Monthly Rent03 1484.00 Unit Total Monthly Rent04 1664.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Units Total In Complex 4 Zoning Lard1.5

    Listing provided courtesy of Adam Rosal DRE#01413294 of Compass and David Fein CA DRE# 01751103 of Compass.


    Based on information from CARETS as of 2019-10-17T20:50:26.71. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.

    Licensed in the State of California, USA.
     
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