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$1,649,500   Price Analysis
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5150 Ithaca Ave
Los Angeles, CA 90032
9 bed 7 bath 3,250 SqFt ($507/SqFt)
4,801SqFt lot. Built 1988
Listed 2024-05-14, Taxes $9,896
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Welcome to this exceptional 4-plex property

Offering a unique blend of newly constructed spaces and income-producing units, situated in a prime location with easy access to shopping, markets, eateries and transportation. This property is ideal for investors and owner-occupiers alike, with a range of possibilities for maximizing rental income or creating a comfortable home base. The highlight of this property is the brand-new ADU. Boasting contemporary design and premium finishes, this unit features two bedrooms and two bathrooms. With its sizeable open floor plan, modern kitchen and stylish fixtures, the ADU is perfect for owner occupancy or attracting top rental rates. Additionally, it comes with two garage parking spots, offering convenience and added value.Another standout feature is a two-bedroom unit that is scheduled for a complete remodel to match the quality and style of the ADU.

This unit will also include one garage parking spot, providing another opportunity for owner occupancy or premium rental income. The property also includes two other units with tenants in place. These units have received some upgrades, ensuring a comfortable living environment for your tenants. As an investor, you can enjoy steady rental income from these units while exp loring opportunities for further enhancements. Situated close to shopping centers, local markets and a variety of eateries, this property offers a convenient lifestyle for residents. Commuting to DTLA and Cal State s easy thanks to nearby transportation options and major roadways. Whether you're an investor seeking a high-potential property or a homeowner looking to live in one unit while generating rental income from the others, this 4-plex offers a fantastic opportunity in a prime location. Don't miss out on this chance to own a versatile property with numerous possibilities!


Presented by Robby Fields at
COMPASS.
Listing Agent Photo

Property MLS #24-385321 from TheMLSCLAW

Bedrooms: 9

Total Bathrooms: 7
Full Bathrooms: 7

Cooling Features: Air Conditioning
Heating Features: Central

Other Structures: Accessory Bldgs

Covered Spaces: 3
Garage Spaces: 3
Garage Description: Garage - 3 Car, Carport Attached
Parking Total: 3

Lot Size Acres: 0.1102158
Lot Size Dimensions: 40x120
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4801

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3250, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 3050, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2600, 4 BedsTotal: 2, 4 BathsTotal: 2, 4 SquareFeet: 3200

Source Listing Status: Active
County: Los Angeles
Directions: Google maps
Source Property Type: Residential Income
Area: El Sereno
Source Neighborhood: El Sereno
Parcel Number: 5216-021-010
Postal Code Plus 4: 3372
Zoning: LARD1.5
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$357,000 + $459,000
$816,000
$9,896
2021$275,777 + $157,417
$433,194
$5,457
2020$272,950 + $155,803
$428,753
$5,508
2019$267,599 + $152,749
$420,348
$5,298
2018$262,352 + $149,754
$412,106
$5,235
2017$257,208 + $146,818
$404,026
$5,122
2016$252,165 + $143,940
$396,105
$4,986
2015$248,378 + $141,778
$390,156
$4,915
2014$243,513 + $139,001
$382,514
$4,949
2013$242,413 + $138,373
$380,786
$4,949
2012$237,660 + $135,660
$373,320
$5,015
2010$233,000 + $133,000
$366,000
$7,881
2009$182,070 + $416,160
$598,230
$7,597
2009$181,638 + $415,173
$596,811
$7,597
2008$178,500 + $408,000
$586,500
$7,274
2007$207,291 + $107,843
$315,134
$3,980

Listed 2024-05-14
$1,649,500
TheMLSCLAW
Sold 2021-06-23
$800,000
ITECH
Sold 2010-12-27
$366,000
Public Record
Listing removed 2009-06-30
$575,000
ITECH
Listed 2008-11-19
$575,000
ITECH
Listing removed 2008-01-01
$639,000
ITECH
Listed 2007-06-20
$639,000
ITECH
Sold 2007-01-27
$650,000
CRISNET
Listing removed 2007-01-12
$650,000
ITECH
Listed 2006-07-11
$650,000
ITECH
Sold 1988-10-21
$225,000
Public Record

Net Operating Income: 83480

Total Square Feet Living: 3250
Year Built: 1988
Common Walls: Attached
Levels: One Level, Multi Levels
Living Area Source: Developer
Property Age: 36
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Other Equipment: Dryer, Dishwasher, Refrigerator, Washer, Range/Oven

Farmdale Elementary School is a public elementary school located approximately 0.4 miles away.
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El Sereno Middle School is a public middle school located approximately 0.5 miles away.
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L.A. County High School For The Arts is a public high school located approximately 0.5 miles away.
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All Saints Elementary School is a private elementary and middle school located approximately 0.9 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.