NOT LISTED FOR SALE

5847 Ernest Ave Los Angeles, CA 90034

Mid-City Neighborhood

Estimated Value: $672,000 - $1,868,000

1 Bed
1 Bath
3,210 Sq Ft
$398/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $1,000,000 $312 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,204/month

160 Days on Market

About This Home

As of May 2021

5847 Ernest Ave is a well maintained 4-unit building located in the sought-after Palms/Culver community. Built in 1924, the property is comprised of (4) 1-bed/1-bath units, totaling 3,210 SF of living space on a 5,000 SF lot. Located on a quiet residential street, the property features (1) 2-car garage with ample street parking. 5847 Ernest Ave is an excellent opportunity for a potential buyer to obtain 30-year fixed residential financing while rates are at a historical low, and enjoy top of the market rental income as either an owner-user or an investor.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 10/27/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,049

Year Built

  • Built in 1924

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Home Design

  • 3,210 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 175
  • Tax Tract Number 6256
  • Assessor Parcel Number 5065020021

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,284
  • Maintenance Expense $2,592
  • Other Expense $3,200
  • New Taxes Expense $17,844
  • Operating Expense $26,120
  • Gross Income $82,080
  • Net Operating Income $55,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,049

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5065020021
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 311.53

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

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

Multi Family

  • Gross Income: 82080.00
  • Gross Scheduled Income: 86400.00
  • Insurance Expense: 1284.00
  • Lot Size Area: 5000.0000 Square Feet
  • Maintenance Expense: 2592.00
  • Net Operating Income: 55960.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26120.00
  • Other Expense: 3200.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 26120.00

Tax Info

  • New Taxes Expense: 17844.00
  • Tax Census Tract: 2702.00
  • Tax Lot: 175
  • Tax Tract Number: 6256

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2024
Sold by
5847 Ernest Avenue Llc
Bought by
Gregorio Mark
Current Estimated Value
$1,278,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$519,000
Outstanding Balance
$509,954
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$768,046

Purchase Details

Closed on
Dec 11, 2023
Sold by
5847 Ernest Avenue Llc
Bought by
Freeman Bridget Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$519,000
Outstanding Balance
$509,954
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$768,046

Purchase Details

Closed on
Oct 13, 2023
Sold by
5847 Ernest Avenue Llc
Bought by
Brescia Grace C P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$519,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2023
Sold by
5847 Ernest Avenue Llc
Bought by
5847 Ernest Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2020
Closed on
Apr 15, 2021
Sold by
Kerns Cynthia and The Mamie M Kerns Living Trust
Bought by
5847 Ernest Avenue Llc
Seller's Agent
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,395,000
Sold Price
$1,000,000
Premium/Discount to List
-$395,000
-28.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%
Original Mortgage
$925,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2016
Sold by
Kerns Mamie
Bought by
Kerns Mamie M and The Mamie M Kerns Living Trust

Purchase Details

Closed on
Aug 6, 2003
Sold by
Kerns Boyce and Kerns Mamie
Bought by
Kerns Boyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gregorio Mark $649,000 Chicago Title Company
Freeman Bridget Anne $649,000 Chicago Title Company
Brescia Grace C P $650,000 Chicago Title Company
Hu Tiffany Jen-Ning $660,000 Chicago Title Company
5847 Ernest Ave Llc -- Chicago Title Company
5847 Ernest Avenue Llc $1,000,000 First American Title Company
Kerns Mamie M -- None Available
Kerns Boyce -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregorio Mark $519,000
Closed Freeman Bridget Anne $519,000
Previous Owner Hu Tiffany Jen-Ning $495,000
Previous Owner 5847 Ernest Ave Llc $930,000
Previous Owner 5847 Ernest Avenue Llc $925,000
Previous Owner Kerns Mamie $847,500
Previous Owner Kerns Boyce $120,000
Previous Owner Kerns Boyce $90,000
Previous Owner Kerns Boyce $181,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $1,000,000 -28.3% $312 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $1,395,000 +39.5% $435 / Sq Ft
03/05/2021 03/05/21 Off Market $1,000,000 -- --
03/05/2021 03/05/21 Pending -- -- --
02/10/2021 02/10/21 Price Changed $1,395,000 -3.8% $435 / Sq Ft
10/27/2020 10/27/20 For Sale $1,450,000 -- $452 / 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 $27,049 $2,652,000 $1,856,400 $795,600
2024 $27,049 $2,215,301 $1,590,506 $624,795
2023 $12,954 $1,040,400 $884,340 $156,060
2022 $12,361 $1,020,000 $867,000 $153,000
2021 $5,865 $468,158 $344,119 $124,039
2020 $5,919 $463,359 $340,591 $122,768
2019 $1,051 $598,094 $467,788 $130,306
2018 $7,398 $586,367 $458,616 $127,751
2016 $836 $48,826 $23,792 $25,034
2015 $827 $48,093 $23,435 $24,658
2014 $858 $47,151 $22,976 $24,175
Source: Public Records

Agents Affiliated with this Home

  • Brett Lyon

    Seller's Agent in 2021

    Brett Lyon

    Lyon Stahl Investment Real Estate, Inc.

    (310) 780-1899

    1 in this area

    148 Total Sales

    Brett Lyon
    Section Image
  • Woody Stahl

    Seller Co-Listing Agent in 2021

    Woody Stahl

    Lyon Stahl Investment Real Est

    (310) 710-3829

    1 in this area

    154 Total Sales

    Woody Stahl
    Section Image
  • Cameron Samimi

    Buyer's Agent in 2021

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    4 in this area

    187 Total Sales

    Cameron Samimi
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20226162

California Regional Multiple Listing Service (CRMLS)

APN: 5065-020-021

California Los Angeles County Los Angeles 90034 Mid-City

5847 Ernest Ave, Los Angeles, CA

This home is located at 5847 Ernest Ave, Los Angeles, CA 90034 since 27 October 2020 and is currently estimated at $1,278,000, approximately $398 per square foot. This property was built in 1924. 5847 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

Nearby Homes