Turnkey Four-Unit Income
For Sale
$1,350,000
5150 Ithaca, Los Angeles, CA 90032
MULTI_FAMILY - Los Angeles, CA
Lot Size0.11 Acres
Days on Market16
Property Features for 5150 Ithaca
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 2
Parking
2
Appliances
Built-In Range
Lot features
0-1 Unit/ Acre
Directions
turn onto ithaca ave from belleglade
Subdivision
621 - El Sereno
Standard status
Active
APN
5216021010
Lot size
0.11 Acres
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1988
Floors in Building
2
Number of units
4
Listing Agency:
eXp Realty of Greater Los Angeles
(888) 652-1314
Listed By:
Steven Gray · License #02194905
(213) 570-9275
Added: Jul 15
Changed: Jul 28
Last Checked: Jul 30 at 9:06PM
MLS# PW26156976
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey four-unit income property includes a remodeled Unit 2 and a newly constructed ADU featuring its own private entrance. The unit mix consists of one 3-bedroom, 2-bath unit and three 2-bedroom, 2-bath units, providing a straightforward configuration for day-to-day leasing.
Current monthly rents total $7,619.43, including Unit 1 at $1,609.81 (3 bed/2 bath), Unit 2 at $2,250 (2 bed/2 bath), Unit 3 at $1,259.62 (2 bed/2 bath), and the ADU at $2,500 (2 bed/2 bath). Financials reported include $69,928.57 annual net income.
The offering also states a projected capitalization rate of 5.18%, alongside a gross rent multiplier (GRM) of 14.76%. The property is described as located near Cal State LA with convenient access to Downtown Los Angeles and other major employment and lifestyle destinations.
Current monthly rents total $7,619.43, including Unit 1 at $1,609.81 (3 bed/2 bath), Unit 2 at $2,250 (2 bed/2 bath), Unit 3 at $1,259.62 (2 bed/2 bath), and the ADU at $2,500 (2 bed/2 bath). Financials reported include $69,928.57 annual net income.
The offering also states a projected capitalization rate of 5.18%, alongside a gross rent multiplier (GRM) of 14.76%. The property is described as located near Cal State LA with convenient access to Downtown Los Angeles and other major employment and lifestyle destinations.
Key Highlights
- Four‑unit income property built in 1988 with a newly constructed ADU (Unit 4) and private entrance
- Current total rent is $7,619.43/month: Unit 1 (3BR/2BA) $1,609.81; Unit 2 (2BR/2BA) $2,250; Unit 3 (2BR/2BA) $1,259.62; Unit 4 ADU (2BR/2BA) $2,500
- Estimated operating performance includes annual net income of $69,928.57 and NOI of $69,928.57, with annual operating expense of $21,504.59
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
Demographics for 90032, CA
43,506
Population
14,139
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
71%
High-School Grad
4.8 sq mi
ZIP Area
9,064
Density / Sq Mi
$81,563
Median Household Income
$38,223
Median Earnings
$1,571
Median Rent
$780,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units with a remodeled unit and a newly built ADU with its own private entrance.
Where is this quadplex located?
The property is located at 5150 Ithaca Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four‑unit income property built in 1988 with a newly constructed ADU (Unit 4) and private entrance; Current total rent is $7,619.43/month: Unit 1 (3BR/2BA) $1,609.81; Unit 2 (2BR/2BA) $2,250; Unit 3 (2BR/2BA) $1,259.62; Unit 4 ADU (2BR/2BA) $2,500; Estimated operating performance includes annual net income of $69,928.57 and NOI of $69,928.57, with annual operating expense of $21,504.59
