Los Angeles, CA 90032 5274 Ithaca Avenue
$1,700,000
3 more
Presented By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
- MLS# SB25119731
- 05/29/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 15
Baths • 3
SQFT • 5,439
Garage • 4
Home Details
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.
Presented By: Aaron Jacobson with Lyon Stahl Investment Real Estate, Inc.; 310-729-1559
Interior Features for 5274 Ithaca Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 5274 Ithaca Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.92
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, Hiking, Park
CountyLos Angeles
DirectionsOff Alhambra and Eastern
Electric Expense0.0
Entry LocationFront
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income212063.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet9604.0
Lot Size UnitsSquareFeet
MLS Area621 - El Sereno
MobileHomeRemainsYNNo
Net Operating Income134561.0
New ConstructionNo
Number Of Units Total9
Open Parking Spaces4.0
Operating Expense71140.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot285
Trash Expense0.0
Water Sewer Expense0.0
Year Built1963
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 5274 Ithaca Avenue
Building Area Total5439.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.2205
Lot Size Area9604.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking8.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate