5274-5278 Ithaca Ave - Apartments FOR SALE


Los Angeles, CA 90032- Lincoln Heights
$1,700,000 USD
310-729-1559
5274-5278 Ithaca Ave, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/9
null | 7.92% Cap Rate

5274-5278 Ithaca Ave
Los Angeles, CA 90032
Lincoln Heights


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

9

PRICE/UNIT

$188,889

CAP RATE

7.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,601 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

5217-018-005

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.