5274 Ithaca AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90032
Key Details
Property Type Apartment
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
Lease Land No