NOT LISTED FOR SALE

5324 Ithaca Ave Los Angeles, CA 90032

El Sereno Neighborhood

Estimated Value: $958,000 - $1,155,000

5 Beds
4 Baths
2,090 Sq Ft
$494/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $885,000 $423 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,358/month

105 Days on Market

Highlights

  • West Facing Home
  • Fenced
  • 1-Story Property
  • Abraham Lincoln High School Rated A-
  • Carpet

About This Home

As of August 2021

This property offers an excellent income and upside potential on existing rents. One unit (#3) currently VACANT, and all units in good standing. Amazing add value opportunity with an ADU design in process, plans included in the sale. A post 1978 built multi-family 4 plex in desirable EL SERENO. Zoned RD 1.5, This property does not fall under L.A.City Rent Control. Owned by the same family for over 40 years. 2 well maintained buildings, one with three 1 bedroom 1 bath units and the other with a 2 bedroom 1 bath unit over the 3 car garage. All with separate gas and electric meters. The units also offer on-site parking. Close proximity to public transportation. Short commute to USC Medical Ctr, Downtown LA, Dodger Stadium. Easy access to major freeways & neighboring Cities such as Pasadena, Alhambra and Highland Park. Do Not Disturb Occupants.

Last Agent to Sell the Property

Victor Migenes

Property Concierge License #01833363 Listed on: 04/02/2021

Co-Listed By

Vivian Chaing

Property Concierge License #01983759

Last Buyer's Agent

Cyndy Nguyen

Coldwell Banker Realty License #01433576

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40x120
  • West Facing Home
  • Fenced

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Interior Spaces

  • 2,090 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5217-018-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2090
  • Lot Acreage: 0.1102
  • Lot Dimensions: 40x120
  • Probate: No
  • Stories: 1
  • Year Built: 1980
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 4
  • Flooring: Carpet, Linoleum
  • Bedrooms: 5
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 454.07

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • Paved: Yes
  • View: No

Garage/Parking

  • Garage Spaces: 3
  • Other Spaces: 4
  • Parking Garage: Garage - 3 Car, Parking Space
  • Total Parking: 7

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Gas
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Sewer: In Street
  • Water Expense: 175.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 200.00

Lot Info

  • Assessed Improvement Percent: 78.58
  • Assessed Improvement Value: 129426
  • Assessed Land Percent: 21.42
  • Assessed Land Value: 35282
  • Total Assessed Value: 164708
  • Assessor Parcel Number: 5217-018-012
  • Lot Description: Fenced
  • Lot Size Area: 4800

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Type Of Units: 4 units

Tax Info

  • Tax Expense: 100.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2012
Sold by
Mattazaro Carolyn A and Mattazaro Joseph A
Bought by
Mattazaro Joseph A
Current Estimated Value
$1,031,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Outstanding Balance
$25,923
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$1,005,847

Purchase Details

Closed on
Jan 1, 1999
Sold by
Mattazaro Joseph A and Mattazaro Carolyn A
Bought by
Mattazaro Joseph A

Purchase Details

Closed on
Jan 1, 1998
Sold by
Mattazaro Anthony J and Mattazaro Rose H
Bought by
Mattazaro Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mattazaro Joseph A -- Accommodation
Mattazaro Carolyn A -- Lsi
Mattazaro Joseph A -- First American
Mattazaro Joseph A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mattazaro Carolyn A $227,500
Previous Owner Mattazaro Joseph A $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2021 08/16/21 Sold $885,000 -6.7% $423 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $949,000 -- $454 / Sq Ft
Source: The MLS

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 $11,620 $939,168 $620,806 $318,362
2024 $11,470 $920,754 $608,634 $312,120
2023 $11,251 $902,700 $596,700 $306,000
2022 $10,732 $885,000 $585,000 $300,000
2021 $2,358 $166,413 $35,647 $130,766
2020 $2,375 $164,708 $35,282 $129,426
2019 $2,295 $161,480 $34,591 $126,889
2018 $2,202 $158,314 $33,913 $124,401
2016 $2,087 $152,169 $32,598 $119,571
2015 $2,061 $149,884 $32,109 $117,775
2014 $2,094 $146,949 $31,481 $115,468
Source: Public Records

Agents Affiliated with this Home

  • Victor Migenes

    Seller's Agent in 2021

    Victor Migenes

    Property Concierge

    (213) 718-3558

    2 in this area

    21 Total Sales

    Victor Migenes
    Section Image
  • Vivian Chaing

    Seller Co-Listing Agent in 2021

    Vivian Chaing

    Property Concierge

    (310) 463-5181

    1 in this area

    32 Total Sales

    Vivian Chaing
    Section Image
  • Cyndy Nguyen

    Buyer's Agent in 2021

    Cyndy Nguyen

    Coldwell Banker Realty

    (323) 300-1733

    2 in this area

    51 Total Sales

    Cyndy Nguyen
    Section Image
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Map

Source: The MLS

MLS Number: 21-714204

The MLS

APN: 5217-018-012

California Los Angeles County Los Angeles 90032 El Sereno

5324 Ithaca Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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