5150 Ithaca Avenue

Los Angeles, CA 90032

$1,649,500
Price
9
Beds
7
Baths
3,250 Sq. Ft.
$508 / Sq. Ft.
3,250
Sq. Ft.
$508
per Sq. Ft.

Description

Welcome to this exceptional 4-plex property, offering a unique blend of newly constructed spaces and income-producing units, situated in a prime location with easy access to shopping, markets, eateries, and transportation. This property is ideal for investors and owner-occupiers alike, with a range of possibilities for maximizing rental income or creating a comfortable home base. The highlight of this property is the brand-new ADU. Boasting contemporary design and premium finishes, this unit features...Welcome to this exceptional 4-plex property, offering a unique blend of newly constructed spaces and income-producing units, situated in a prime location with easy access to shopping, markets, eateries, and transportation. This property is ideal for investors and owner-occupiers alike, with a range of possibilities for maximizing rental income or creating a comfortable home base. The highlight of this property is the brand-new ADU. Boasting contemporary design and premium finishes, this unit features two bedrooms and two bathrooms. With its spacious open floor plan, modern kitchen, and stylish fixtures, the ADU is perfect for owner occupancy or attracting top rental rates. Additionally, it comes with two garage parking spots, offering convenience and added value.Another standout feature is a two-bedroom unit that is scheduled for a complete remodel to match the quality and style of the ADU. This unit will also include one garage parking spot, providing another opportunity for owner occupancy or premium rental income. The property also includes two other units with tenants in place. These units have received some upgrades, ensuring a comfortable living environment for your tenants. As an investor, you can enjoy steady rental income from these units while exploring opportunities for further enhancements. Situated close to shopping centers, local markets, and a variety of eateries, this property offers a convenient lifestyle for residents. Commuting to DTLA and Cal State is easy thanks to nearby transportation options and major roadways. Whether you're an investor seeking a high-potential property or a homeowner looking to live in one unit while generating rental income from the others, this 4-plex offers a fantastic opportunity in a prime location. Don't miss out on this chance to own a versatile property with numerous possibilities!

Listing Agents

  1. Robby Fields

    Robby Fields

    Listing Agent

    Compass

    DRE #02080346

  2. Lauren Biedenharn

    Lauren Biedenharn

    Alternative Listing Agent

    Compass

    DRE #01955597

Property Details for 5150 Ithaca Avenue

Zoning
LARD1.5
Parcel Number
5216021010
Total Units
4.0
Living Area
3250
Source Living Area
Developer
Area
El Sereno (621)
Vacancy Rate
50%
Lot Size Area
4801

Location

Listing Courtesy of Compass, Robby Fields, DRE #02080346; Compass, Lauren Biedenharn, DRE #01955597
Add your commute
LISTING UPDATED: 05/14/2024 12:02 AM

Property Details for 5150 Ithaca Avenue

StatusActive
MLS #24-385321
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
Lot Size0.11 AC / 4,801 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Robby Fields, DRE #02080346; Compass, Lauren Biedenharn, DRE #01955597
Add your commute

Building Information for 5150 Ithaca Avenue

Stories2Residences-Year Built1988Building Size-Lot Size0.11 AC / 4,801 SF

Payment Calculator

$9,867 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,002

Property Taxes

$865

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5150 Ithaca Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 4
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $105,480
  • Net Operating Income: $83,480.00
  • Gross Income: $105,480
  • Gross Rent Multiplier: $105,480.00
  • Total Annual Expense: 22000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1102
  • Lot Size Square Feet: 4801
  • Lot Size Dimensions: 40x120
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 3 Car, Carport Attached
  • Total Parking: 3
  • Covered Parking: 3
  • Parking Features: Garage - Three Door, Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One, Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dryer, Dishwasher, Refrigerator, Washer, Range/Oven
  • Common Walls: Attached
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 05-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,478.00
  • Unit Actual Rent: $1,478.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,050.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,062.00
  • Unit Actual Rent: $1,062.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $364,140.00
  • Assessed Improvement Percent: 43.75
  • Assessed Land Value: $468,180.00
  • Assessed Land Percent: 56.25
  • Assessed Total Value: $832,320.00

Property History for 5150 Ithaca Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5150 Ithaca Avenue

Taxable ValueLand$468,180Additions$364,140Total$832,320
Tax Record2023$10,375 ($865 / month)
Home Facts
Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories1Lot Size4,801 SqFtStyleTriplexYear Built1988ZoningLARD1.5CountyLOS ANGELESAPN5216-021-010

Schools near 5150 Ithaca Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Farmdale Elementary School
PublicK to 5

El Sereno Middle School
Public6 to 8

Abraham Lincoln Senior High School
Public9 to 12

Woodrow Wilson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5150 Ithaca Avenue is a multi-family home for sale in Los Angeles, CA 90032. This property was listed for sale on May 14, 2024 by Compass, it's currently listed at $1,649,500. It has been on the market for a total of 6 days and was last sold on June 23, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Farmdale Elementary School, El Sereno Middle School and Abraham Lincoln Senior High School. 5150 Ithaca Avenue is a 9-bed, 7-bath, 3,250 sqft multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Robby Fields, DRE #02080346; Compass, Lauren Biedenharn, DRE #01955597

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.