$1,650,000

Estimated payment $10,462/month

Total Views 1,200
15 Beds
10 Baths
5,439 Sq Ft
$303 Price per Sq Ft

Highlights

  • City View
  • Lincoln High School Rated A-
  • Midcentury Modern Architecture

About This Home

Located in the growing community of El Sereno, 5274 Ithaca Ave is a well-positioned 9-unit apartment building offered at$1,650,000. With a strong 7.23% Cap Rate and 8.59 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

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 04/17/2026

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Peter James

Lyon Stahl Investment Real Estate, Inc. License #01748556

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Home Design

  • Midcentury Modern Architecture
  • Stucco

Interior Spaces

  • 5,439 Sq Ft Home
  • 2-Story Property
  • City Views
  • Oven or Range

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 10 Bathrooms

Home Security

  • Window Bars
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Additional Features

  • 9,604 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 5217-018-005

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • Rent Control
  • Vacancy Allowance $9,625

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

9,604 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 5439
  • Lot Acreage: 0.2205
  • Price Per Unit: 183333.00
  • Probate: No
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Common Walls: Attached
  • Total Bathrooms: 10.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 303.36

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 10

Utilities

  • Water Heater: Gas
  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Window Bars, Smoke Detector, Carbon Monoxide Detector(s), Exterior Security Lights
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 35.02
  • Assessed Improvement Value: 574601
  • Assessed Land Percent: 64.98
  • Assessed Land Value: 1066143
  • Total Assessed Value: 1640744
  • Assessor Parcel Number: 5217-018-005
  • Lot Description: Single Lot
  • Lot Location: City
  • Lot Size Area: 9604

Rental Info

  • Total Actual Rent: 192025.00
  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 8.59
  • Number Of Units: 9
  • Rent Control: 100
  • Type Of Units: Multifamily
  • Vacancy Allow: 9625
  • Vacancy Allow Percent: 5.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $20,566 $1,640,744 $1,066,143 $574,601
2024 $20,566 $1,608,574 $1,045,239 $563,335
2023 $20,183 $1,577,035 $1,024,745 $552,290
2022 $19,278 $1,546,113 $1,004,652 $541,461
2021 $19,030 $1,515,798 $984,953 $530,845
2020 $19,215 $1,500,256 $974,854 $525,402
2019 $18,482 $1,470,840 $955,740 $515,100
2018 $13,964 $1,079,552 $571,432 $508,120
2016 $13,288 $1,037,634 $549,244 $488,390
2015 $13,104 $1,022,048 $540,994 $481,054
2014 $13,200 $1,002,028 $530,397 $471,631
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2026 04/17/26 For Sale $1,650,000 -- $303 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 26750675

The MLS
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