Available

5274 Ithaca Ave

Los Angeles, CA 90032
$1,600,000
5274 Ithaca Ave
9
Units
$177,778
Price / Unit
1963
Year Built
$294
Price / SF
5,439
Building SF

About the Property

5274 Ithaca is part of an 11 building portfolio that can be sold separately. The subject property offers and investor an opportunity to acquire 9 units in a great location. El Sereno has seen tremendous growth and offers a strategic location just northeast of Downtown Los Angeles, west of the San Gabriel Valley and south of Pasadena offering access to Los Angeles and the convenience of a more suburban setting. The building sits on a large 9,601 square foot lot that is zoned LARD1.5. The building offers an excellent unit mix consisting of (4) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (1) 3 Bed/1 Bath units. There is alley access in the rear of the lot and private garages in the rear of the lot as well.

Location

Deal Highlights

EXECUTIVE SUMMARY
Excellent cash-flowing 9-unit El Sereno apartment asset with meaningful rental upside and long-term value-add potential. 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

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