NOT LISTED FOR SALE

5841 Ernest Ave Los Angeles, CA 90034

Mid-City Neighborhood

Estimated Value: $1,034,000 - $1,611,000

7 Beds
4 Baths
3,840 Sq Ft
$349/Sq Ft Est. Value

Last Sold December 10, 2018

Last sale price $900,000 $234 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $8,328/month

40 Days on Market

About This Home

As of December 2018

NEWLY RENOVATED AND READY FOR NEW OWNER! 4 UNITS TOTAL. CONSISTING OF THREE 2 BEDROOM UNITS AND ONE 1 BEDROOM UNIT, THREE OF WHICH HAVE BEEN RENOVATED WITH NEW KITCHENS, BATH AND FLOORING. NEW WINDOWS IN TWO OF THE UNITS. CENTRAL AIR AND HEATING IN 2 UNITS AND CENTAL HEATING IN OTHER 2. ALL UNITS HAVE WASHER/DRYER HOOKUPS. TWO CAR GARAGE WITH STORAGE IN REAR OF PROPERTY WITH PARKING IN ALLEYWAYS AVAILABLE. ALL UNITS INDIVIDUALLY METERED WITH OWN WATER HEATERS. SOLD "AS IS". NO REPS OR WARRANTIES. BUYER TO CONDUCT THEIR OWN INVESTIGATION AND VERIFICATION OF ALL INFORMATON ABOUT THE PROPERTY. NO SIGN IS ON PROPERTY. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Pamela Stewart

True Vision Realty License #00946637 Listed on: 09/20/2018

Last Buyer's Agent

Alexander Alvy

Danmour & Assoc. Mgmt Co., Inc License #01379561

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,349

Year Built

  • Built in 1924

Lot Details

  • 5,000 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Tax Lot 176
  • Tax Tract Number 6256
  • Assessor Parcel Number 5065020022

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,959
  • Trash Expense $1,500
  • Water Sewer Expense $1,920
  • New Taxes Expense $16,250
  • Operating Expense $21,629
  • Gross Income $69,254
  • Net Operating Income $63,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,349

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1920.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5065020022
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 234.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Average1 Bed Area: 960 Square Feet
  • Average2 Bed Area: 960 Square Feet
  • Gross Income: 69254.00
  • Gross Scheduled Income: 69254.00
  • Insurance Expense: 1959.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 63554.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5700.00
  • Rent Control: Yes
  • Total Actual Rent: 72540.00
  • Total Expenses: 21629.00

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Census Tract: 2702.00
  • Tax Lot: 176
  • Tax Tract Number: 6256

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2018
Closed on
Nov 2, 2018
Sold by
Ross Llewellyn D and Porter Zandra Renee
Bought by
Ksm Capital Llc
Seller's Agent
Pamela Stewart
True Vision Realty
Buyer's Agent
Alexander Alvy
Danmour & Assoc. Mgmt Co., Inc
List Price
$1,300,000
Sold Price
$900,000
Premium/Discount to List
-$400,000
-30.77%
Current Estimated Value
$1,342,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$442,055
Avg. Annual Appreciation
6.11%

Purchase Details

Closed on
Apr 19, 2017
Sold by
Porter Eric Maxwell
Bought by
Porter Zandra Renee

Purchase Details

Closed on
Aug 18, 2016
Sold by
Porter Zandra R
Bought by
Ross Llewellyn D and Porter Eric Maxwell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,707
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2014
Sold by
Scales Zaneta
Bought by
Porter Zandra R and Ross Llewellyn D
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ksm Capital Llc $900,000 First American Title Company
Porter Zandra Renee -- First American Title Company
Ross Llewellyn D -- First American Title Company
Porter Zandra R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ksm Capital Llc $1,190,000
Previous Owner Ross Llewellyn D $680,707
Previous Owner Porter Zandra R $642,000
Previous Owner Porter Zandra R $104,000
Previous Owner Porter Zandra R $495,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2018 12/10/18 Sold $900,000 -21.7% $234 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
10/24/2018 10/24/18 Price Changed $1,150,000 -11.5% $299 / Sq Ft
09/20/2018 09/20/18 For Sale $1,300,000 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,349 $1,003,962 $702,774 $301,188
2024 $12,349 $984,278 $688,995 $295,283
2023 $12,118 $964,980 $675,486 $289,494
2022 $11,567 $946,060 $662,242 $283,818
2021 $11,409 $927,510 $649,257 $278,253
2019 $11,073 $900,000 $630,000 $270,000
2018 $1,067 $54,031 $24,752 $29,279
2016 $983 $51,935 $23,792 $28,143
2015 $974 $51,156 $23,435 $27,721
2014 $1,007 $50,154 $22,976 $27,178
Source: Public Records

Agents Affiliated with this Home

  • Pamela Stewart

    Seller's Agent in 2018

    Pamela Stewart

    True Vision Realty

    (949) 422-7738

    Pamela Stewart
    Section Image
  • Alexander Alvy

    Buyer's Agent in 2018

    Alexander Alvy

    Danmour & Assoc. Mgmt Co., Inc

    (310) 478-1838

    Alexander Alvy
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18232759

California Regional Multiple Listing Service (CRMLS)

APN: 5065-020-022

California Los Angeles County Los Angeles 90034 Mid-City

5841 Ernest Ave, Los Angeles, CA

This home is located at 5841 Ernest Ave, Los Angeles, CA 90034 since 20 September 2018 and is currently estimated at $1,342,055, approximately $349 per square foot. This property was built in 1924. 5841 Ernest Ave is a home located in Los Angeles County with nearby schools including Marvin Avenue Elementary School, Daniel Webster Middle School, and Alexander Hamilton Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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