$1,600,000
About this home
Located in the growing community of El Sereno, 5274 Ithaca Ave is a well-positioned 9-unit apartment building offered at$1,600,000. With a strong 8.14% 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
Facts & features
- Bedrooms
- 15
- Bathrooms
- 0 full, 0 half
- Living area
- 5,439 sq ft
- Appliances
- Refrigerator
- Fireplace
- None
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Levels
- Multi Split
- Spa
- None
- Lot size
- 0.221 acres (9,604 sq ft)
- Pool
- None
- View
- City Lights
- Architectural style
- Mid Century Modern
- Year built
- 1963
- Parking
- Assigned
- Parking spaces
- 10
- Area
- 621 - El Sereno
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 80
- Listed
- 2026-04-17
- Original price
- $1,650,000
- Parcel #
- 5217018005
- MLS #
- 26750675