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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 1,700,000
Est. payment /mo
Active
5274 Ithaca Avenue Los Angeles, CA 90032
5,439 SqFt
UPDATED:
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
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944