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5826 5828 ERNEST AVE Los Angeles, CA 90034
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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22158699
Sold Date 08/01/22
HOA Y/N No
Year Built 1924
Lot Size 5,000 Sqft
Property Description
We are proud to present 5826 Ernest Ave. This DUPLEX features two extra large 2 bedroom 1 bathroom apartments and a convenient central location, just a stones throw away from all the best that Culver City Arts District and West Adams has to offer. Not only does this property have amazing proximity to great shopping and restaurants but is also close to the Culver City metro and freeways. One of the two units will be delivered vacant, making this a perfect "owner user" opportunity. Live in one unit and use the rent from the current tenant to offset your mortgage! There is also an amazing value add opportunity by turning the existing 2 car garage (also delivered vacant) into an ADU. According to previous investigations there can be up to 2 ADU's on the property. This would allow you to have 4 units paying rent and increase your cash flow exponentially! (Please do your own due diligence in regards to the building of ADU structures on the property. Broker makes no guarantees). Contact the Listing Agents with any additional questions. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Garage Driveway
Building
Story 2
Architectural Style Mediterranean
New Construction No
Others
Senior Community No
Tax ID 5065019009
Special Listing Condition Standard
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Bought with Mark Alan Walker • Nourmand & Associates-HW