Los Angeles, CA 90032,5274 Ithaca AVE
Los Angeles, CA 90032,5274 Ithaca AVE
Los Angeles, CA 90032,5274 Ithaca AVE
8
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$1,700,000
Est. payment /mo
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9,604 Sqft Lot
New

5274 Ithaca AVE Los Angeles, CA 90032

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25119731

HOA Y/N No

Year Built 1963

Lot Size 9,604 Sqft

Property Sub-Type Apartment

Property Description

Located in the growing community of El Sereno, 5274 Ithaca Ave is a well-positioned 9-unit apartment building offered at $1,700,000. With a strong 7.92% Cap Rate and 8.03 GRM, this property provides immediate income along with long-term potential.

The unit mix includes (1) 3-bed/1-bath, (4) 2-bed/1-bath, and (4) 1-bed/1-bath units spread across 5,439 square feet of living space. A large lot offers ADU development potential for added upside (buyer to verify).

An excellent investment in a rapidly developing pocket of Northeast LA, with convenient access to Downtown, Highland Park, and surrounding neighborhoods.

Location

State CA

County Los Angeles

Area 621 - El Sereno

Zoning LARD1.5

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Hiking, Park

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5217018005

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559

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Cindy & Giovanna Kellems

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5274 Ithaca AVE