5162 Ithaca Ave Los Angeles, CA 90032

$600,000 Sold Price as of 12/01/2017

8 Beds
4 Baths
2,576 Sq.Ft.

Off Market

$600,000 Sold Price as of 12/01/2017 Refinance Your Mortgage

Map preview of 5162 Ithaca Ave, Los Angeles, CA 90032

Property Overview: 5162 Ithaca Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,576 living square feet and 4,799 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5162 Ithaca Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5162 Ithaca Ave

Last sold for $600,000 on December 1st, 2017

September, 2023
Sep 1, 2023

Date

Expired

CRMLS: 23245407

$1,150,000

Price
Feb 27, 2023

Date

Active

CRMLS: 23245407

$1,200,000

Price
Listing provided courtesy of CRMLS

Looking for an investment opportunity in the heart of Los Angeles? Look no further than 5162 Ithaca Ave in the charming neighborhood of El Sereno. This well-maintained 4 unit building offers spacious 2 bedroom, 1 bathroom units, all individually metered for gas and electricity. It also has a bonus nonconforming studio. The property boasts 3 huge garages with high ceilings and 1 surface parking space. This allows great potential for an ADU. The SFR was built in 1926 and exudes charm and character. The rear building was built in 1958. The lot size of 4,800 square feet offers ample outdoor space for your tenants to enjoy. With a gross rent multiplier of 14.6 and a capitalization rate of 4.3%, this property offers a solid return on investment. El Sereno offers a unique blend of urban and suburban living. The area also boasts beautiful parks and recreational areas, such as Ernest E. Debs Regional Park and the Arroyo Seco. It also has easy access to the 10 and 710 junction and proximity to California State University Los Angeles and DTLA. Don't miss your chance to own this for only $1,150,000. Contact us today to schedule a showing and see this property for yourself!

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December, 2017
Dec 1, 2017

Date

Sold (Public Records)

Public Records

$600,000

Price
January, 2017
Jan 11, 2017

Date

Sold (Public Records)

Public Records

$700,000

Price
October, 2008
Oct 1, 2008

Date

Expired

CRMLS: 12107835

$628,000

Price
Mar 27, 2008

Date

Active

CRMLS: 12107835

$628,000

Price
Listing provided courtesy of CRMLS

Four units all 2 bedroom, 1 bathroom in very good condition. Kitchen are updated . Building generally in very good condition in & out. Excellent rents plus upside potential. With 20% down, rents will cover mortgage. Live in one rent others.

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Tax History for 5162 Ithaca Ave

Assessed Value (2020): $742,844

Year	Land Value	Improved Value	Assessed Value
2020	$519,991	$222,853	$742,844

About 5162 Ithaca Ave

Detailed summary of property

5162 Ithaca Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90032 and last sold on December 1, 2017 for $600,000. This property has 8 bedrooms, 4 bathrooms, roughly 2,576 living square feet, and sits on an approximately 4,799 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 46.43% lower than the current median priced home. 5162 Ithaca Ave was last sold on December 1, 2017 for $600,000. Local nearby listings include 2305 Lillyvale Ave #173, 5484 Dobbs St #132 and 4750 Templeton St #1322. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 5162 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 5162 Ithaca Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1926
Sq. Ft.: 2,576
Lot Size: 4,799
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 150
APN: 5216-021-013

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

$789,000

Median List Price/Sq.Ft.

$652

Median Sold Price

$765,000

Median Sold Price/Sq.Ft.

$711

Total Inventory

Median Sale to List Price %

109.44%

Avg Days on Market

Loan Type

Conventional (25%), FHA (0%), VA (0%), Cash (16.67%), Other (25%)

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(714) 706-1823

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