Listed by Lyon Stahl Investment Real Estate
$1,650,000
5274 Ithaca Avenue Los Angeles, CA 90032
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,439
Net Rentable (SqFt) 5,439
Units 9
Cap Rate 7.23%
NOI $119,342
Pro-Forma Cap Rate 10.27%
Pro-Forma NOI $169,420
Price per SqFt $303
Class C
Year Built 1963
Buildings 1
Lot Size (SqFt) 9,601
Zoning LARD1.5
7.23% Cap Rate | 8.59 GRM | 9 Units in El Sereno
Marketing description
The subject property is a 9 unit apartment building located in the El Sereno submarket, northeast of
Downtown Los Angeles and just west of the San Gabriel Valley. There are 3 separate structures with alley access in the rear of the lot. There are enclosed garages in the back of the building as well. The zoning for the lot is LARD1.5. The building was built in 1963 and the units are subject to LARSO with utilities separately metered. The unit mix consists of (4) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, (1) 3 Bed/1 Bath. Located in El Sereno, an excellent pocket of Los Angeles just northeast of Downtown Los Angeles and south of Pasadena.
Investment highlights
- A well-positioned 9 unit apartment building with a strong 7.23% Cap Rate and 8.59 GRM providing immediate income along with long-term potential
- The property consists of (1) 3 Bed/1 Bath, (4) 2 Bed/1 Bath, and (4) 1 Bed/1 Bath units spread across 5,439 Square Feet
- The 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
Listing Contacts
Listed by Lyon Stahl Investment Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,342.00
$9,945.17/mo
Valuation Metrics
0
DSCR
7.23%
Cap Rate
7.23%
ROI
Map
Zoning
[Q]RD1.5-1D-HCR ResidentialMulti FamilyQualified Restricted Density Multiple Dwelling Development Limitations Hillside Construction Regulation
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View all 674 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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