5274-5278 Ithaca Ave - Apartments FOR SALE


Los Angeles, CA 90032- Lincoln Heights
$1,650,000 USD
310-467-7581
5274-5278 Ithaca Ave, Los Angeles, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/10
null | 7.23% Cap Rate

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


HIGHLIGHTS

  • Excellent cash flow opportunity
  • Located in El Sereno, an excellent pocket of Los Angeles just northeast of Downtown Los Angeles and south of Pasadena.
  • Excellent unit mix consisting of (4) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (1) 3 Bed/1 Bath units.
  • Large 9,601 square foot lot zoned LARD1.5

OVERVIEW

Located in the growing community of El Sereno, 5274 Ithaca Ave is a well-positioned 9-unit apartment building offered at $1,650,000. With a strong 7.23% Cap Rate and 8.59 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

$1,650,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

9

PRICE/UNIT

$183,333

CAP RATE

7.23%

% 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

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

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