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15-Bedroom Residential Income - 5274 Ithaca Avenue, Los Angeles, CA

$1,600,000

5274 Ithaca Avenue, Los Angeles, CA

5274 Ithaca Avenue, Los Angeles, CA 90032 - $1,600,000 · 15 bd 10 ba Multi-Family Home for Sale, photo 1 5274 Ithaca Avenue, Los Angeles, CA 90032 - $1,600,000 · 15 bd 10 ba Multi-Family Home for Sale, photo 2 5274 Ithaca Avenue, Los Angeles, CA 90032 - $1,600,000 · 15 bd 10 ba Multi-Family Home for Sale, photo 3 5274 Ithaca Avenue, Los Angeles, CA 90032 - $1,600,000 · 15 bd 10 ba Multi-Family Home for Sale, photo 4 5274 Ithaca Avenue, Los Angeles, CA 90032 - $1,600,000 · 15 bd 10 ba Multi-Family Home for Sale, photo 5
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Description

Located in the growing community of El Sereno, 5274 Ithaca Ave is a well-positioned 9-unit apartment building offered at$1,600,000. With a strong 8.14% 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

Property details

Bedrooms
15
Bathrooms
10
Square feet
5,439
Year built
1963
Property type
Residential Income
Lot size
9,604 sqft

Location

5274 Ithaca Avenue • Los Angeles, CA 90032

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Listed by

William James · Lyon Stahl Investment Real Estate, Inc.

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Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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