$1,700,000

5274 Ithaca Ave Los Angeles, CA 90032

El Sereno Neighborhood

Estimated payment $11,116/month

Total Views 2,182
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)

California Los Angeles County Los Angeles 90032 El Sereno

5274 Ithaca Ave, Los Angeles, CA

This home is located at 5274 Ithaca Ave, Los Angeles, CA 90032 and is currently priced at $1,700,000, approximately $312 per square foot. This property was built in 1963. 5274 Ithaca Ave is a home located in Los Angeles County with nearby schools including Sierra Park Elementary, El Sereno Middle School, and Woodrow Wilson Senior High.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Aaron Jacobson
Listing Agent
Aaron Jacobson
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Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559