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5836 Ernest Avenue, Los Angeles, California 90034, Los Angeles, 90034 - bed, bath

5836 Ernest Avenue, Los Angeles, California 90034 home-pic-0
ACTIVE$3,400,000
5836 Ernest Avenue, Los Angeles, California 90034
0Bed
0Bath
5,366Sqft
5,002Lot
Year Built
2024
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
$634
HOA
-
Days on market
-
Sold On
-
MLS number
CV25135806
Home ConditionExcellent
Features
Good View:
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.40M(50th), sqft - 5366(50th), beds - undefined(50th), baths - undefined(50th).

Brand new 2024 construction 4-unit building in the desirable West Adams/Baldwin Hills area, just minutes from Culver City! This stunning multi-family property features three 4-bedroom, 3-bath units and one 3-bedroom, 3-bath unit, with a total living area of 5,366 sq ft on a 5,002 sq ft lot. Each unit is beautifully finished with shaker-style kitchens, laminate wood flooring, central A/C, private rooftop access, and solar panels for energy efficiency. Plenty of parking and located on a beautiful residential street. Perfect for investors or owner-users. Live in one and rent out the rest, or enjoy strong rental income from all four units. Great location near shopping, restaurants, and major freeways. A rare turnkey opportunity!

Price History

Date
Event
Price
12/13/22
Sold
$1,350,000
06/21/22
Sold
$1,205,500
06/21/22
Sold
$1,125,000
Condition Rating
Excellent
This property is brand new 2024 construction, as explicitly stated in the listing. It features modern shaker-style kitchens, new laminate wood flooring, central A/C, and solar panels. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

Brand New Construction & Modern Amenities: Built in 2024, this property offers brand new construction with contemporary finishes, including shaker-style kitchens, laminate wood flooring, and central A/C, ensuring modern comfort and minimal immediate maintenance.
Income-Generating Quadruplex: As a 4-unit building (three 4-bed/3-bath and one 3-bed/3-bath), it presents an excellent opportunity for investors or owner-users to generate strong rental income or live in one unit while offsetting costs.
Prime Location: Situated in the desirable West Adams/Baldwin Hills area, minutes from Culver City, the property benefits from proximity to shopping, restaurants, and major freeways, enhancing its appeal to tenants and value appreciation.
Energy Efficiency & Cost Savings: Equipped with solar panels, the property offers significant energy efficiency, leading to lower utility costs for residents and a reduced environmental footprint, a strong selling point in today's market.
Desirable Unit Features: Each unit boasts private rooftop access, a highly sought-after amenity in urban multi-family properties, providing exclusive outdoor living space and enhancing tenant desirability.

Cons

High Investment Cost: The list price of $3,400,000 represents a substantial investment, potentially limiting the pool of prospective buyers to those with significant capital or access to large financing.
Limited Lot Size: With a total living area of 5,366 sq ft on a 5,002 sq ft lot, the property has a high building-to-lot ratio, suggesting minimal traditional ground-level common outdoor space beyond the individual rooftop access.
Property Management Demands: As a 4-unit income property, it inherently requires active and potentially complex property management, which can be time-consuming for an owner-user or necessitate hiring a professional manager.

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