5150 Ithaca Ave, Los Angeles, CA 90032
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5150 Ithaca Ave Los Angeles, CA 90032

$1,649,500
  • 9 Beds
  • 7 Baths
  • 3,250 Sq.Ft.
Coming Soon
$1,649,500 Get Pre-Qualified

Map preview of 5150 Ithaca Ave, Los Angeles, CA 90032

Property Overview: 5150 Ithaca Ave Los Angeles, CA has 9 bedrooms, 7 bathrooms, 3,250 living square feet and 4,801 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 spacious 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 exploring 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 is 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!

Listed by Robert Fields | BRE #02080346 | Compass
Co-listed by Lauren Biedenharn | BRE #01955597 | Compass
Last checked: 10 minutes ago | Last updated: May 10th, 2024 | Source CRMLS | DOM: 0
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Home details

Lot Sq. Ft
4,801
HOA Dues
$0/mo
Year built
1988
Garage
--
Property Type:
Multi Family
Status
Coming Soon
MLS#
24385321
City
Los Angeles
County
Los Angeles
Time on Site
2 hours
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,478
  • Total Rent: $1,478
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,062
  • Total Rent: $1,062
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $83,480
  • Gross Operating Income: $105,480
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5150 Ithaca Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: One, Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Three Door, Attached Carport
Property Information
  • Total # of Units: 4
  • Parcel Number: 5216021010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google maps
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Sale History for 5150 Ithaca Ave

Last sold for $800,000 on June 23rd, 2021
  • May, 2024

  • May 14, 2024

    Date

    Coming Soon

    CRMLS: 24385321

    $1,649,500

    Price

  • June, 2021

  • Jun 29, 2021

    Date

    Sold

    CRMLS: 320006180

    $800,000

    Price

  • Jun 4, 2021

    Date

    Pending

    CRMLS: 320006180

    $795,000

    Price

  • May 22, 2021

    Date

    Active

    CRMLS: 320006180

    $795,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment triplex located in El Sereno and built in 1988. Front unit with 3 Bedrooms and 2 baths and 2 back units with 2 bedrooms and 1 bath. ALL Units have been well maintained. Rents are below market and located in City of LA. Great potential. Each unit has two parking spots with access via alley. Located just blocks away from Cal State University Los Anageles and minutes away from Downtown LA, Dodger Stadium, Union Station, Arts District and Keck Medicine of USC. Easy access to 710, 5, and 10 freeways.

  • December, 2010

  • Dec 27, 2010

    Date

    Sold (Public Records)

    Public Records

    $366,000

    Price

  • August, 2010

  • Aug 4, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5150 Ithaca Ave

Assessed Value (2020): $428,753
Year Land Value Improved Value Assessed Value
2020 $155,803 $272,950 $428,753

Home Value Compared to the Market

This property vs the competition

5150 Ithaca Ave is listed 32.07% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $507.54 per/sqft which puts the price per square foot 34.43% lower than the median price per square foot for the city of Los Angeles.

About 5150 Ithaca Ave

Detailed summary of property

5150 Ithaca Ave is a multi family located in Los Angeles, CA 90032 and is currently for sale. This multi family property offers 9 bedrooms, 7 bathrooms, roughly 3,250 living square feet, and sits on an approximately 4,801 square foot lot. 5150 Ithaca Ave was first listed on ArdentRealEstateGroup.com on May 10, 2024. The homeowner is currently asking $1,649,500. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 32.07% higher than the median priced home. Local competing homes currently for sale include 1927 Johnston St, 2415 Malabar St and 5938 E Echo St. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5150 Ithaca Ave Los Angeles, CA 90032 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5150 Ithaca Ave

Public county record property details
Beds
4
Baths
4
Year built
1988
Sq. Ft.
2,500
Lot Size
4,801
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
147
APN
5216-021-010

The source for these homes facts are from public records.

90032 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$662
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
59
Median Sale to List Price %
93.75%
Avg Days on Market
20
Loan Type
Conventional (40%), FHA (10%), VA (0%), Cash (20%), Other (10%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.