5274 Ithaca Avenue

Los Angeles, CA 90032

$1,750,000
Price
12
Beds
9
Baths
5,439 Sq. Ft.
$322 / Sq. Ft.
5,439
Sq. Ft.
$322
per Sq. Ft.

Description

5274 Ithaca is part of an 11 building portfolio that can be sold separately. The subject property offers and investor an opportunity to acquire 9 units in a great location. El Sereno has seen tremendous growth and offers a strategic location just northeast of Downtown Los Angeles, west of the San Gabriel Valley and south of Pasadena offering access to Los Angeles and the convenience of a more suburban setting. The building sits on a large 9,601 square foot lot that is zoned LARD1.5. The building...5274 Ithaca is part of an 11 building portfolio that can be sold separately. The subject property offers and investor an opportunity to acquire 9 units in a great location. El Sereno has seen tremendous growth and offers a strategic location just northeast of Downtown Los Angeles, west of the San Gabriel Valley and south of Pasadena offering access to Los Angeles and the convenience of a more suburban setting. The building sits on a large 9,601 square foot lot that is zoned LARD1.5. The building offers an excellent unit mix consisting of (4) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (1) 3 Bed/1 Bath units. There is alley access in the rear of the lot and private garages in the rear of the lot as well.
  1. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 5274 Ithaca Avenue

Water Front
None
Zoning
LARD1.5
Cross Streets
Endicott & Alhambra
Parcel Number
5217018005
Total Units
9.0
Living Area
5439
Source Living Area
Vendor Enhanced
Area
El Sereno (621)
LISTING UPDATED: 10/16/2024 12:01 AM

Property Details for 5274 Ithaca Avenue

StatusActive
MLS #24-450431
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.22 AC / 9,604 SF
CountyLos Angeles County

Building Information for 5274 Ithaca Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.22 AC / 9,604 SF

Property Information for 5274 Ithaca Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: APT
  • Security Features: None
  • Direction Faces: North
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $211,878
  • Net Operating Income: $149,151.00
  • Gross Income: $218,431
  • Cap Rate: 8.52%
  • Gross Rent Multiplier: $8.01
  • Vacancy Allow Dollar: $6,553.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 62727
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2205
  • Lot Size Square Feet: 9604
  • Lot Features: Rectangular Lot
  • Lot Description: Alley Paved, Street Paved, Sidewalks, Lot Shape-Rectangular
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage, Uncovered, Driveway
  • Total Parking: 9
  • Parking Features: Garage, Uncovered, Driveway
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
  • Cooking Appliances: Gas/Electric Range
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Rolled/Hot Mop
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-08-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,672.00
  • Unit Actual Rent: $6,686.00
  • Unit Projected Rent: $9,628.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,395.00
  • Unit Actual Rent: $9,582.00
  • Unit Projected Rent: $12,028.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,935.00
  • Unit Actual Rent: $1,935.00
  • Unit Projected Rent: $3,915.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $552,290.00
  • Assessed Improvement Percent: 35.02
  • Assessed Land Value: $1,024,745.00
  • Assessed Land Percent: 64.98
  • Assessed Total Value: $1,577,035.00
  • Private Transfer Taxes: No

Property History for 5274 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 5274 Ithaca Avenue

Taxable ValueLand$1,045,239Additions$563,335Total$1,608,574
Tax Record2024$20,566 ($1,714 / month)
Home Facts
Total Finished SqFt5,439 SqFtAbove Grade Finished SqFt5,439 SqFtLot Size9,601 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLARD1.5CountyLOS ANGELESAPN5217-018-005

Schools near 5274 Ithaca Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sierra Park Elementary School
PublicK to 6

Los Angeles Leadership Academy
Charter6 to 12

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

5274 Ithaca Avenue is a multi-family home for sale in Los Angeles, CA 90032. This property was listed for sale on October 8, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $1,750,000. It has been on the market for a total of 47 days and was last sold on March 21, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Sierra Park Elementary School, Los Angeles Leadership Academy and Woodrow Wilson Senior High School. 5274 Ithaca Avenue is a 12-bed, 9-bath, 5,439 sqft multi-family home built in 1963.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419

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.