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Listed by Steven Gray, DRE #02194905 • eXp Realty of Greater Los Angeles
$1,350,000
Est. payment /mo
4,801 Sqft Lot
Active
5150 Ithaca Los Angeles, CA 90032
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26156976
Year Built 1988
Lot Size 4,801 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
This turnkey four-unit income property presents an outstanding investment opportunity, featuring a beautifully remodeled Unit 2 with a modern, high-end aesthetic and a newly constructed ADU with its own private entrance. The spacious unit mix offers strong tenant appeal while providing excellent long-term income potential. Ideally located near Cal State LA and with convenient access to Downtown Los Angeles and other major employment and lifestyle destinations, the property benefits from consistent rental demand. With projected rental increases, investors have the opportunity to achieve an estimated 5.1% capitalization rate, making this an attractive option for both long-term investors seeking stable cash flow and owner-occupants looking to offset ownership costs with rental income. Current Rents (Total: $7,619.43/month) Unit 1: 3 Bed / 2 Bath - $1,609.81 Unit 2: 2 Bed / 2 Bath - $2,250 Unit 3: 2 Bed / 2 Bath - $1,259.62 Unit 4 (ADU): 2 Bed / 2 Bath - $2,500 Current Financials: Annual Net Income: $69,928.57 Net Operating Income (NOI): $69,928.57 Annual Operating Expense: $21,504.59 Gross Rent Multiplier (GRM): 14.76% Capitalization Rate (Cap Rate): 5.18%
Location
State CA
County Los Angeles
Area 621 - El Sereno
Rooms
Kitchen Oven Range - Built-In
Interior
Heating Multi Type
Flooring Other
Laundry Laundry Area
Exterior
Garage Spaces 2.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 5216021010
Special Listing Condition Not Applicable
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