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5324 Ithaca Ave, Los Angeles, CA 90032
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5324 Ithaca Ave Los Angeles, CA 90032

$885,000 Sold Price as of 08/16/2021
  • 14 Beds
  • 10 Baths
  • 2,090 Sq.Ft.
Sold
$885,000 Sold Price as of 08/16/2021 Refinance Your Mortgage
Map preview of 5324 Ithaca Ave, Los Angeles, CA 90032

Property Overview: 5324 Ithaca Ave Los Angeles, CA has 14 bedrooms, 10 bathrooms, 2,090 living square feet and 4,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property offers an excellent income and upside potential on existing rents. One unit (#3) currently VACANT, and all units in good standing. Amazing add value opportunity with an ADU design in process, plans included in the sale. A post 1978 built multi-family 4 plex in desirable EL SERENO. Zoned RD 1.5, This property does not fall under L.A.City Rent Control. Owned by the same family for over 40 years. 2 well maintained buildings, one with three 1 bedroom 1 bath units and the other with a 2 bedroom 1 bath unit over the 3 car garage. All with separate gas and electric meters. The units also offer on-site parking. Close proximity to public transportation. Short commute to USC Medical Ctr, Downtown LA, Dodger Stadium. Easy access to major freeways & neighboring Cities such as Pasadena, Alhambra and Highland Park. Do Not Disturb Occupants.

Listed by Victor Migenes | BRE #01833363 | Property Concierge
Co-listed by Vivian Chaing | BRE #01983759 | Property Concierge
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 104

Home details

Lot Sq. Ft
4,800
HOA Dues
$0/mo
Year built
1980
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
21714204
City
Los Angeles
County
Los Angeles
Time on Site
1136 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $999
  • Total Rent: $999
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $46,488
  • Gross Operating Income: $52,188
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $100
  • Insurance: $200
  • Water/Sewer: $175

Property Details for 5324 Ithaca Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Carpet
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Three Door, Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5217018012
  • Architectural Style: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: North of Alhambra Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 5324 Ithaca Ave

Last sold for $885,000 on August 16th, 2021

  • August, 2021

  • Aug 19, 2021

    Date

    Sold

    CRMLS: 21714204

    $885,000

    Price

  • Apr 3, 2021

    Date

    Active

    CRMLS: 21714204

    $949,000

    Price

  • October, 1998

  • Oct 19, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5324 Ithaca Ave

Assessed Value (2020): $164,708
Year Land Value Improved Value Assessed Value
2020 $35,282 $129,426 $164,708

Home Value Compared to the Market

This property vs the competition

5324 Ithaca Ave sold on August 16, 2021 for 20.25% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $454.07 per/sqft which puts the price per square foot 39.86% lower than the current median sale per square foot for the city of Los Angeles.

About 5324 Ithaca Ave

Detailed summary of property

5324 Ithaca Ave is a multi family that recently sold in Los Angeles, CA 90032. This multi family property offered 14 bedrooms, 10 bathrooms, roughly 2,090 living square feet, and sits on an approximately 4,800 square foot lot. 5324 Ithaca Ave was first listed on ArdentRealEstateGroup.com on April 3, 2021. The homeowner sold the property for $885,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.25% lower than the current median priced home. Local homes that are currently for sale include 2641 Pomeroy Ave, 2415 Gates St and 3149 Fairmount St. While the average home in Los Angeles, CA is selling in 94 days, 5324 Ithaca Ave has a days on market of 104 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 5324 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 5324 Ithaca Ave

Public county record property details
Beds
5
Baths
4
Year built
1980
Sq. Ft.
2,090
Lot Size
4,799
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
292
APN
5217-018-012

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
$849,900
Median List Price/Sq.Ft.
$666
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
57
Median Sale to List Price %
93.75%
Avg Days on Market
20
Loan Type
Conventional (40%), FHA (10%), VA (0%), Cash (20%), Other (10%)

Thinking of Selling?

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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.

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