NOT LISTED FOR SALE

5324 Ithaca Ave Los Angeles, CA 90032

El Sereno Neighborhood

Estimated Value: $874,000 - $991,000

5 Beds
4 Baths
2,090 Sq Ft
$458/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2021

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

Est. 8% increase in value since last sale

Current estimated payment $6,130 / mo

105 Days on Market

Highlights

  • West Facing Home
  • Fenced
  • 1-Story Property
  • 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

4,800 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2012
Sold by
Bought by
Current Estimated Value
$956,515

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
$930,592

Purchase Details

Closed on
Jan 1, 1999
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1998
Sold by
Bought by

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
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Accommodation
-- Lsi
-- First American
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    (213) 374-0277

    1 in this area

    33 Total Sales

    Vivian Chaing
    Section Image
  • Cyndy Nguyen

    Buyer's Agent in 2021

    Cyndy Nguyen

    Coldwell Banker Realty

    (323) 300-1733

    1 in this area

    46 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

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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