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5324 Ithaca Ave

Los Angeles, CA 90032
  • $949,000
  • STATUS: Active
  • ON SITE: 79 days
  • MLS #: 21-714204
UPDATED: 12 min ago
$949,000
  • 5
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,090
    SQFT
  • $454
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Area:

School Ratings & Info

Description

This property offers an excellent income and upside potential on existing rents. One unit (#3) currently VACANT. 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-22T11:42:37.62. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/115738700
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5324 Ithaca Ave Los Angeles, CA 90032

  • Price: $949,000
  • Status: Active
  • Updated: 12 min ago
  • MLS #: 21-714204
5
Beds
0
Baths
0
½ Baths
0.11
Acres
2,090
SQFT
$454
$/SQFT
1980
Built
Neighborhood:
El Sereno
County:
Los Angeles
Area:
El Sereno
Property Description
This property offers an excellent income and upside potential on existing rents. One unit (#3) currently VACANT. 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.
Exterior Features

Cross Streets Haven St. Direction Faces West Levels Two Lot Description Fenced Lot Size Area 4800 Other Structures None Parking Garage Garage - 3 CarParking Space Paved YN Yes Style Other Total Parking 7 View Description None View YN No Water Frontage None

Interior Features

Baths Total 4.00 Common Walls Attached Cooling Wall Unit(S) Equipment Range/Oven Flooring CarpetLinoleum Heating Wall Gas Laundry None

Property Features

Alley YN Yes Assessed Total Value 164708 Gross Income 52188 Gross Operating Income 52188 Insurance Expense 200.00 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 46488.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Other Sale Type Standard Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 5700 Type Of Units 4 Units Water Expense 175.00 Water Heaters YN Yes Year Built Source Other Zoning Lard1.5

Listing provided courtesy of Victor Migenes DRE#01833363 of Property Concierge.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-22T11:42:37.62. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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