NOT LISTED FOR SALE

5146 Ithaca Ave Los Angeles, CA 90032

El Sereno Neighborhood

Estimated Value: $1,196,000 - $1,348,000

8 Beds
4 Baths
3,200 Sq Ft
$399/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $1,290,000 $403 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,095/month

14 Days on Market

Highlights

  • Laundry Room
  • Fenced
  • Heating Available
  • Abraham Lincoln High School Rated A

About This Home

As of May 2024

What an opportunity to own a fourplex in the heart of El Sereno with 3 vacant units! Presenting a lovingly-maintained income property that has never before been on the market, offering the ideal investment or owner-occupied option. Each of the four units features a thoughtfully designed layout with two bedrooms, one bathroom and in-unit laundry hook-ups, providing everything needed for living comfortably. Step inside and discover stylish updates, including updated fixtures, new carpeting, and fresh paint, creating an inviting ambiance. Additionally, ample off-street parking (2 spaces per unit) ensures easy access for all tenants, further enhancing the allure of this desirable property. Whether you're a savvy investor seeking a lucrative rental income stream or an owner-occupant looking for a place to call home, this property offers the perfect canvas to fulfill your aspirations. Don't miss out on this extraordinary chance to own a fourplex in the City of Los Angeles where 3 of the 4 units can be rented at market rent!

Last Agent to Sell the Property

Matt McIntyre

Berkshire Hathaway Home Servic Brokerage Email: mpmcintyre@bhhscal.com License #01844466 Listed on: 04/10/2024

Berkshire Hathaway Home Servic

Last Buyer's Agent

Cesar Vasquez

Kase Real Estate License #01936389

Kase Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,920

Year Built

  • Built in 1971

Lot Details

  • 4,800 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • No Sprinklers

Home Design

  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 8 Parking Spaces
  • Carport
  • Parking Available
  • Driveway Level

Utilities

  • Heating Available

Community Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $1,600
  • Water Sewer Expense $6,000
  • Operating Expense $9,000
  • Gross Income $104,640
  • Net Operating Income $95,640

Listing and Financial Details

  • Tenant pays for electricity, trash collection, gas
  • Tax Lot 146
  • Assessor Parcel Number 5216021009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,920

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 6000.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5216021009
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: No

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Driveway Level
  • Total Parking Spaces: 8.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 4800.00
  • Lot Size Acres: 0.1102

Rental Info

  • Tenant Pays: Electricity, Trash Collection, Gas

Multi Family

  • Gross Income: 104640.00
  • Gross Scheduled Income: 104640.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 4800.0000 Square Feet
  • Net Operating Income: 95640.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 9000.00
  • Rent Control: Yes
  • Total Expenses: 9000.00

Tax Info

  • Tax Lot: 146

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
May 13, 2024
Sold by
Angelita Vargas Revocable Trust and Montoya Rachel
Bought by
Zapata Susan and Saldana Jorge
Seller's Agent
Matt McIntyre
Berkshire Hathaway Home Servic
Buyer's Agent
Cesar Vasquez
Kase Real Estate
List Price
$1,180,000
Sold Price
$1,290,000
Premium/Discount to List
$110,000
9.32%
Views
42
Current Estimated Value
$1,266,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,312
Avg. Annual Appreciation
-0.89%
Original Mortgage
$967,500
Outstanding Balance
$955,562
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$320,431

Purchase Details

Closed on
Oct 11, 2006
Sold by
Vargas Angelita
Bought by
The Angelita Vargas Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zapata Susan $1,290,000 Chicago Title Company
The Angelita Vargas Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zapata Susan $967,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $1,290,000 +9.3% $403 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $1,180,000 -- $369 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,920 $1,315,800 $867,000 $448,800
2024 $1,920 $118,915 $12,946 $105,969
2023 $1,892 $116,585 $12,693 $103,892
2022 $1,818 $114,300 $12,445 $101,855
2021 $1,778 $112,059 $12,201 $99,858
2019 $1,734 $109,338 $11,840 $97,498
2018 $1,655 $107,207 $11,608 $95,599
2016 $1,549 $102,469 $11,158 $91,311
2015 $1,531 $100,931 $10,991 $89,940
2014 $1,564 $98,955 $10,776 $88,179
Source: Public Records

Agents Affiliated with this Home

  • Matt McIntyre

    Seller's Agent in 2024

    Matt McIntyre

    Berkshire Hathaway Home Servic

    (626) 437-3643

    1 in this area

    81 Total Sales

    Section Image
  • Cesar Vasquez

    Buyer's Agent in 2024

    Cesar Vasquez

    Kase Real Estate

    (323) 428-3436

    4 in this area

    75 Total Sales

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-17170

Pasadena-Foothills Association of REALTORS®

APN: 5216-021-009

California Los Angeles County Los Angeles 90032 El Sereno

5146 Ithaca Ave, Los Angeles, CA

This home is located at 5146 Ithaca Ave, Los Angeles, CA 90032 since 10 April 2024 and is currently estimated at $1,275,993, approximately $398 per square foot. This property was built in 1971. 5146 Ithaca Ave is a home located in Los Angeles County with nearby schools including Farmdale Elementary, El Sereno Middle School, and Woodrow Wilson Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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