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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$1,700,000
Est. payment /mo
5,439 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,439 sqft
Price per Sqft $312
MLS Listing ID CRSB25119731
HOA Y/N No
Year Built 1963
Lot Size 9,604 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Located in the growing community of El Sereno, 5274 Ithaca Ave is a well-positioned 9-unit apartment building offered at $1,700,000. With a strong 7.92% 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-bath, and (4) 1-bed/1-bath units spread across 5,439 square feet of living space. A large lot offers ADU development potential for added upside (buyer to verify). An excellent investment in a rapidly developing pocket of Northeast LA, with convenient access to Downtown, Highland Park, and surrounding neighborhoods.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613