$1,700,000

Estimated payment $10,945/month

Total Views 2,971
6 Beds
3 Baths
5,439 Sq Ft
$313 Price per Sq Ft

Highlights

  • Hiking Trails
  • Abraham Lincoln High School Rated A
  • Park

About This Home

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.

Listing Agent

Aaron Jacobson

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 05/29/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Peter James

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #01748556

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 9,604 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Interior Spaces

  • 5,439 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 285
  • Tax Tract Number 6900
  • Assessor Parcel Number 5217018005
  • $1,268 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 9 Units

Recreation

  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $71,140
  • Gross Income $212,063
  • Net Operating Income $134,561

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.92
  • Price Per Unit: 188889
  • Property Attached: No
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5217018005
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 312.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Hiking, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9604.00
  • Lot Size Acres: 0.2205

Multi Family

  • Gross Income: 212063.00
  • Gross Multiplier: 8.03
  • Gross Operating Income: 205701.00
  • Gross Scheduled Income: 212063.00
  • Lot Size Area: 9604.0000 Square Feet
  • Net Operating Income: 134561.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 71140.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Expenses: 71140.00
  • Vacancy Allowance: 6362
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2016.02
  • Tax Lot: 285
  • Tax Tract Number: 6900
  • TaxOtherAnnualAssessmentAmount: 1268.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $1,700,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25119731

California Regional Multiple Listing Service (CRMLS)