5861 ERNEST Avenue, Los Angeles, CA 90034

About this property

Brand new ultra modern NON Rent control building with in walking distance to Culver City Art's district. All units are town house style 3 stories with attached enclosed garages. This is a great opportunity for owner occupant or investor. At an estimated cap rate of 5.51 this is a bargain. The property is located in a cul de sac street. All units have custom kitchen cabinetry, quartz counter tops, laminate floors through out, tiled bathrooms, central air and heat, all stainless steel appliances and washer dryer hookups in each unit. Most of the windows are casement. All units are separately metered for Water, Gas and Electricity. The property is located with in few miles from Beverly Hills, Down town LA, metro rail, LAX and some of the best restaurants in Culver City. These buildings hardly come on the market. The property is currently vacant and rents are estimates.

Listing description from the March 2018 sale, as reported to CRMLS.

Sale history

$1,950,000

Sold March 2018 · on market March 2018 · MLS #18319000 · Source: CRMLS

Listing Agent: Suminda Sellahewa · Listing Office: Suminda Sellahewa · Contact: 310-621-1563 · Bought with: Suminda Sellahewa · Suminda Sellahewa

$520,000

Sold August 2016 · listed $565,000, orig. $599,000, on market April 2016 · MLS #SB16068673 · Source: CRMLS

Listing Agent: JAMES CHEN · Listing Office: 13 East Realty, Inc. · Contact: 310-295-1837 · Bought with: Suminda Sellahewa · L and M Estates, Inc.

$425,000

Sold May 2015 · listed $410,000, orig. $490,000, on market December 2014 · MLS #PW14257051 · Source: CRMLS

Listing Agent: Steve Zickefoose · Listing Office: CENTURY 21 Action ! · Contact: 562-216-1000 · Bought with: JAMES CHEN · 13 East Realty, Inc.

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