NOT LISTED FOR SALE

5278 Ithaca Ave Los Angeles, CA 90032

El Sereno Neighborhood
11 Beds
10 Baths
5,439 Sq Ft
9,601 Sq Ft Lot

Last Sold April 09, 2018

Last sale price $1,442,000 $265 Per Sq Ft

17 Days on Market

Highlights

  • No HOA
  • Abraham Lincoln High School Rated A-
  • Laundry Room

About This Home

As of April 2018

Three (3) separate buildings!! Front house SFR with 3 bedroom and 2 bathroom. There are 8 units in the rear with two(2) separate two story buildings. Each unit has their own assigned parking garage/space. THIS IS AN EXCELLENT INVESTMENT WITH 5.38% CAP RATE!! Purchase it and live in the front SFR yourself and rent out the 8 units in the back. Please do not enter onto property without an appointment. New copper piping for rear portion of building (8 units) in late 2014. Buildings are very very well-kept/maintained by professional property management company. Rent controlled increases are done annually with ease.

Last Agent to Sell the Property

Chay Huang

CHLV GROUP, INC. License #01121265 Listed on: 01/16/2018

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,601 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage
  • Carport
  • Parking Available
  • Assigned Parking

Home Design

  • 5,439 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 285
  • Tax Tract Number 6900
  • Assessor Parcel Number 5217018005

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $162
  • Gardener Expense $600
  • Insurance Expense $3,655
  • Other Expense $3,600
  • Professional Management Expense $5,126
  • Trash Expense $2,181
  • Water Sewer Expense $6,562
  • New Taxes Expense $17,350
  • Operating Expense $39,236
  • Gross Income $9,493
  • Net Operating Income $74,686

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.38
  • Professional Management Expense: 5126.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6562.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5217018005
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 265.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 2181.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9601.00

Multi Family

  • Electric Expense: 162.00
  • Gross Income: 9493.00
  • Gross Scheduled Income: 113922.00
  • Insurance Expense: 3655.00
  • Net Operating Income: 74686.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 39236.00
  • Other Expense: 3600.00
  • Other Expense Description: Repairs
  • Rent Control: Yes
  • Total Actual Rent: 9493.00
  • Total Expenses: 39236.00

Tax Info

  • New Taxes Expense: 17350.00
  • Tax Lot: 285
  • Tax Tract Number: 6900
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2018 04/09/18 Sold $1,442,000 +3.9% $265 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $1,388,000 0.0% $255 / Sq Ft
05/27/2015 05/27/15 Rented $978 +2.9% --
04/27/2015 04/27/15 Under Contract -- -- --
04/23/2015 04/23/15 For Rent $950 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Chay Huang

    CHLV GROUP, INC.

    Section Image
  • Carlos Estrada

    Buyer's Agent in 2018

    Carlos Estrada

    Liberty Investment Group

    (562) 477-8983

    50 Total Sales

    Carlos Estrada
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18008327

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90032 El Sereno

5278 Ithaca Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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.

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

Nearby Homes