5274 Ithaca Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90032
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,439 sqft
Price per Sqft $312
MLS Listing ID SB-25119731
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
Laundry None
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Biking,Hiking,Park
Building
Lot Description 0-1 Unit/Acre
Sewer Other,Public Sewer