5274 Ithaca Avenue, Los Angeles, CA 90032
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5274 Ithaca Avenue, Los Angeles, CA 90032
5274 Ithaca Avenue, Los Angeles, CA 90032
5274 Ithaca Avenue, Los Angeles, CA 90032
5274 Ithaca Avenue, Los Angeles, CA 90032
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Nina Ahlers

Nina Ahlers

Engel & Völkers

+1(408) 805-1323
$ 1,600,000
Est. payment /mo
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Active

5274 Ithaca Avenue Los Angeles, CA 90032

5,439 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,439 sqft

Price per Sqft $294

MLS Listing ID CL26750675

HOA Y/N No

Year Built 1963

Lot Size 9,604 Sqft

Acres 0.2205

Property Sub-Type Other

Property Description

Located in the growing community of El Sereno, 5274 Ithaca Ave is a well-positioned 9-unit apartment building offered at$1,600,000. With a strong 8.14% 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

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

View Y/N true

View City Lights

Building

New Construction No

Others

Tax ID 5217018005


Bridge MLS
Listed by William James • Lyon Stahl Investment Real Estate, Inc.
Nina Ahlers

Nina Ahlers

Advisor

+1(408) 805-1323

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5274 Ithaca Avenue