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5850 Ernest Avenue

5850 Ernest Avenue, Los Angeles, CA 90034
Multifamily in Mid City
1 Units For Sale
Unit for sale at 5850 Ernest Ave, Los Angeles, CA 90034

$1,185,000

  • 5 Beds
5850 Ernest Ave, Los Angeles, CA 90034 Listing by Robert Howell

Local assessors in Los Angeles, CA have categorized 5850 Ernest Avenue as a residential type of property. The home was built in 1937 and is 87 years old. It was most recently renovated and altered in 1977. The property's lot size has been calculated to be 5,006 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Spanish style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5850 Ernest Avenue has a total of 1,902 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a flat style roof that was made of roll composition. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The property was last sold in Mar 23, 2023 for $1,134,000. That's $596.21 per sqft. Prior to that sales transaction, the property was also sold in Mar 23, 2022 for $870,000. 5850 Ernest Avenue was last assessed in 2023. The total value of the property was assessed at $887,400. Specifically, the land the property is located on was valued at $530,400. While improvements on the property were assessed at a total of $357,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $3,434. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.

Building Features

Parking

Detached Garage

Driveway

Driveway
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210220
02/20/2021
Studio
-
-
$1,199,000
bedrooms
Studio
bathrooms
-
-
-
-
Derrick Ruiz
eXp Realty of California Inc

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,006
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,902
  • Gross Building Area: 1,902
  • Building Area: 1,902
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,902
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 6256
  • Land Acres: 0.115
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT # 6256 LOT/SEC 197

Ownership

  • Current Owner : BERCUN ROSS
  • Previous Owner : DVF CAPITAL LLC
  • Owner Before Previous Owner: MORAN MARCOS F
  • Owner Before Previous Owner 2: MORAN ELENA C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 270200

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 42-E5
  • Subdivision Tract Number: 6256
  • Parcel: 5065-019-014
  • Lot: 197
  • Municipality: WEST /PALMS
  • Latitude: 34.0345
  • Longitude: -118.373

    Address

  • Full Address: 5850 Ernest Ave
  • Address - House Number: 5850
  • Address - Street Name: Ernest
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C021
  • 4-Digit Zip Code: 2231
  • Zip Code: 90034

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,434
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 96
  • Final Value: 952,244
  • High Value: 1,016,760
  • Low Value: 887,728

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $907,200
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Apr 18, 2023
  • First Open Lien Mortgage Loan Amount: $907,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $887,400
  • Assessed Land Value: $530,400
  • Assessed Improvements Value: $357,000

    Sales

  • Current Sale Contract Date: Mar 23, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Transaction ID: 11905220600
  • Current Sale Price: $1,134,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 246969
  • Previous Sale Recording Date: Mar 30, 2022
  • Previous Sale Contract Date: Mar 23, 2022
  • Previous Sale Amount: $870,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Apr 18, 2023
  • First Mortgage Loan Amount: $907,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: BENCH EQUITY LLC
  • Previous Mortgage Transaction Date: Mar 30, 2022
  • Previous Mortgage Loan Amount: $712,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About South LA



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Frequently Asked Questions

What neighborhood is 5850 Ernest Avenue located in?
The 5850 Ernest Avenue is a multifamily located in the neighborhood of Mid City in South LA, Los Angeles.
How many listings are currently for sale in 5850 Ernest Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 5850 Ernest Avenue?
The average sales price for units in 5850 Ernest Avenue is $1,185,000 currently.

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