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    5841 Ernest Ave

    Los Angeles, CA 90034
    • $2,595,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: 20-608550
    UPDATED: 34 min ago
    $2,595,000
    • 8
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,840
      SQFT
    • $676
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Renovated and well-maintained bread-and-butter income property in highly sought-after Culver City adjacent location. This gem has 4 spacious and bright 2-bedroom/1-bathroom units. Renovations include double-paned windows throughout, stainless steel appliances and in-unit washer/dryer hookups. 2.9% cap rate on in-place rents; 4.27% pro-forma cap rate with considerable rental upside potential. These spacious units are available at an attractive $675/square foot. The property is 100% occupied and all tenants are current on their rents. Gas and electricity is individually metered and paid by tenants. Parking spaces are available on separate commercial rental agreements. Please do not disturb current occupants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T21:42:36.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/108183125
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    5841 Ernest Ave Los Angeles, CA 90034

    • Price: $2,595,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 20-608550
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,840
    SQFT
    $676
    $/SQFT
    1924
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    Renovated and well-maintained bread-and-butter income property in highly sought-after Culver City adjacent location. This gem has 4 spacious and bright 2-bedroom/1-bathroom units. Renovations include double-paned windows throughout, stainless steel appliances and in-unit washer/dryer hookups. 2.9% cap rate on in-place rents; 4.27% pro-forma cap rate with considerable rental upside potential. These spacious units are available at an attractive $675/square foot. The property is 100% occupied and all tenants are current on their rents. Gas and electricity is individually metered and paid by tenants. Parking spaces are available on separate commercial rental agreements. Please do not disturb current occupants.
    Exterior Features

    Lot Size Area 5000 Other Structures None Parking Garage UncoveredAssigned Pool Description None Pool YN No Spa None Spa YN No Total Parking 4

    Interior Features

    Baths Total 4.00 Cooling Air ConditioningCentralOther Equipment Range/OvenGarbage DisposalStackable W/D HookupDishwasherDryerWasherRefrigeratorHood Fan Heating Central Laundry In Unit Windows Double Pane Windows

    Property Features

    Assessed Total Value 52972 Gross Income 115956 Gross Operating Income 115956 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 75371.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 40585 Type Of Units 4-Plex Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Adam Rosal DRE#01413294 of Exp Realty Of California Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T21:42:36.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377