$1,500,000 USD
626-669-1917
5150 Ithaca Ave
Los Angeles, CA 90032
Lincoln Heights
HIGHLIGHTS
- Open-Concept Kitchens – Outfitted with stainless steel appliances, sleek quartz countertops, farmhouse-style sinks, and custom cabinetry. Subway tile
- Spacious Living Areas – Light-toned wood flooring complements the neutral color palette, creating a bright, inviting atmosphere.
- Luxury Bathrooms – Floor-to-ceiling matte-black tile, rainfall showerheads, floating vanities, and backlit LED mirrors enhance the contemporary elegan
- Serene Bedrooms – Large windows provide abundant natural light, complemented by custom built-in closets and recessed lighting. New mini-split
- Ample parking and storage within the garage structure.
- Modern Exterior & Architectural Appeal Striking black corrugated metal façade with natural wood eaves, creating an industrial-modern aesthetic.
OVERVIEW
Investment Highlights:
Fully remodeled, turn-key property with a modern, high-end aesthetic.
Four spacious units, including a newly constructed ADU with private access.
Exceptional rental upside potential with a projected 5.51% Cap Rate post-rent increases.
High-demand location near Cal State LA and major LA destinations.
Ideal for both long-term investors and owner-occupants seeking strong cash flow.
FOR SALE DETAILS
PRICE
$1,500,000 USD
PRICE/SF
$380 USD /SF
# OF UNITS
4
PRICE/UNIT
$375,000
CAP RATE
5.51%
% LEASED
50%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1988
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.11 AC
LAND SF
4,762 SF
ZONING
LARD1.5
APN/PARCEL ID
5216-021-010
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626-669-1917
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626-669-1917
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