5849 Ernest Ave, a 1924 low-rise in Palms.
Set in Palms, 5849 Ernest Ave is a 4-residence condominium building. It was built in 1924 and rises two stories.
Contact a Condos of LA advisor for current availability, pricing, and a private tour of 5849 Ernest Ave.
Condos for sale & rent at 5849 Ernest Ave
Listings update automatically from the MLS. Availability and pricing are provided by the listing brokerages.
Recent sales at 5849 Ernest Ave
| Date | Residence | Beds/Baths | Sq Ft | Sale price | $/Sq Ft | HOA dues |
|---|
Closed sales at 5849 Ernest Ave from MLS records.
What to know before you buy at 5849 Ernest Ave
The details that make or break a condo decision: current HOA dues and what they cover, parking, and the building's pet & leasing rules. Our advisors pull these straight from the building's HOA documents for any residence you're weighing.
Learn moreCompiled from public sources · last reviewed July 2026. We confirm current dues, reserves, lender and policy details for any residence you're considering.
Can you finance a condo at 5849 Ernest Ave?
Our records show 4 residences at 5849 Ernest Ave. Since March 18, 2026, a conventional loan in a building of 2 to 10 units may qualify for a project review waiver from Fannie Mae and Freddie Mac, as long as the building isn't flagged and its insurance meets the rules.
The 15% reserve test arriving January 4, 2027 is part of the Full Review, which a building this size may not need. Lenders can add their own requirements, and the unit count decides the path, so confirm it with the HOA.
SB 326 calls for a licensed inspection of wood-supported balconies, decks and stairs in buildings with 3 or more attached units. If 5849 Ernest Ave has them, the latest report has been part of the resale package since January 1, 2026, and a failed report may matter to a lender. SB 326, explained.
Which loan you use changes the rules. Conventional loans run to $1,249,125 in LA County in 2026, jumbo lenders above that apply their own condo rules, and non-QM loans typically mean more down and a higher rate.
Tell us which residence you're weighing. Tyler or Michael will follow up personally with what to request from the HOA and what we find in it.
Get a building check for 5849 Ernest AveBackground: what warrantable and non-warrantable mean, and how the 2027 condo loan rules work.
General information as of October 27, 2026, not lending advice. Lenders apply their own rules, and only a lender's review decides whether a loan works at 5849 Ernest Ave.
In the heart of Palms
5849 Ernest Ave places you at the center of Palms, with the neighborhood's dining, shopping and character just outside your door and the rest of Los Angeles within easy reach.