About 5274 Ithaca Avenue
Located in the growing community of El Sereno, 5274 Ithaca Ave is a well-positioned 9-unit apartment building offered at $1,700,000. With a strong 7.92% 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.
Features of 5274 Ithaca Avenue
| MLS® # | SB25119731 |
|---|---|
| Price | $1,700,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Acres | 0.22 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Active Under Contract |
Community Information
| Address | 5274 Ithaca Avenue |
|---|---|
| Area | LOS ANGELES (90032) |
| City | Los Angeles |
| County | Los Angeles |
| State | CA |
| Zip Code | 90032 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Fireplace | Yes |
|---|
Additional Information
| Date Listed | May 29th, 2025 |
|---|---|
| Days on Market | 118 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Lyon Stahl Investment Real Estate, Inc. |
|---|