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5850 Ernest Ave
Los Angeles, CA 90034
Multifamily Property For Sale
·
3 Units

Property Facts
| No. Units | 3 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 1,902 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1937 |
| Zoning | LARD1.5 | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,902 SF |
| No. Stories | 2 |
| Year Built | 1937 |
| Zoning | LARD1.5 |
About 5850 ERNEST AVE , LOS ANGELES, CA 90034
INVESTOR OPPORTUNITY! Fantastic triplex centrally located just minutes from Culver City and the Arts District near tons of restaurants, shops, Platform LA, and with easy access to the 10 freeway and Metro station (Expo line)! More and more Silicon Valley companies moving to the area! Situated at the end of a quiet, dead-end street, this triplex has excellent rental history with long time tenants and features one 2BD/2BA bottom unit that rents for $1,526 and 2 1BD/1BA units on the top floor that each rent for $969. New buyer has ability to increase rent roll, if desired. Each unit has separate gas, electric meters, and water heaters. New roof and bathrooms installed in 2019. Living rooms for all units feature laminate wood flooring. Upper units are open to kitchen while the lower unit features large windows with lots of natural light. Upper units are mirror images of each other, each with one bedroom and side by side mirrored closets and carpet flooring. Lower unit has master bedroom, and one guest room, both with carpet and one closet each. Both upper units have one hall bath featuring wood-look tile floors, newer vanity and shower/tub combo with shower insert. Lower unit has two bathrooms including hall bath and en-suite bath with a 3/4 bath with good sized step-in tiled shower with shampoo niche, single newer vanity, and mirrored medicine cabinet. Upper units are accessed from rear of building and share landing with 180-degree city view! Large parking area in rear with 3 parking spots and one double car garage with additional parking spot in front of garage. Garage and spot in front are used by the lower unit with the 3 parking spots on first come basis for tenants. W/D and dishwasher in lower unit only. Water included in rent and landlord pays for gardener. Drywall, electrical, plumbing and sewer lines, and insulation were redone in 1993. Don’t miss this opportunity!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 1+1 | 2 | - | - |
Links
Property Taxes
| Parcel Number | 5065-019-014 | Improvements Assessment | $473,382 |
| Land Assessment | $706,431 | Total Assessment | $1,179,813 |
Property Taxes
Listing ID: 18987148
Date on Market: 3/25/2020
Last Updated:
Address: 5850 Ernest Ave, Los Angeles, CA 90034
The Palms Multifamily Property at 5850 Ernest Ave, Los Angeles, CA 90034 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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