Turnkey Four-Unit Income
For Sale
$1,350,000
5150 Ithaca, Los Angeles, CA 90032
Turnkey four-unit property with a remodeled unit and a newly constructed ADU featuring a private entrance.
Days on Market11
Property Features for 5150 Ithaca
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Cap Rate
5.18%
Multifamily Units
4
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
eXp Realty of Greater Los Angeles, Inc
(888) 652-1314
Listed By:
Steven Gray · License #02194905
Source:
Elliman
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 30 at 9:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Greater Los Angeles, Inc
Investment Insights
Based on property information with market context.
This turnkey four-unit income property includes a beautifully remodeled Unit 2 and a newly constructed ADU with its own private entrance. The unit mix is designed to appeal to a range of renters, with Unit 1 offering 3 bedrooms and 2 bathrooms, Units 2 and 3 offering 2 bedrooms and 2 bathrooms each, and Unit 4 (the ADU) also offering 2 bedrooms and 2 bathrooms.
The property is located near Cal State LA, with convenient access to Downtown Los Angeles and other major employment and lifestyle destinations.
Current rents total $7,619.43 per month, including Unit 1 at $1,609.81, Unit 2 at $2,250, Unit 3 at $1,259.62, and Unit 4 (ADU) at $2,500. Provided financials show annual net income of $69,928.57 and annual operating expenses of $21,504.59, with a listed NOI matching the annual net income.
The property is located near Cal State LA, with convenient access to Downtown Los Angeles and other major employment and lifestyle destinations.
Current rents total $7,619.43 per month, including Unit 1 at $1,609.81, Unit 2 at $2,250, Unit 3 at $1,259.62, and Unit 4 (ADU) at $2,500. Provided financials show annual net income of $69,928.57 and annual operating expenses of $21,504.59, with a listed NOI matching the annual net income.
Key Highlights
- Four‑unit income property built in 1988 with total current rents of $7,619.43/month
- Unit mix: Unit 1 is 3 bed/2 bath ($1,609.81), Units 2 and 3 are 2 bed/2 bath ($2,250 and $1,259.62)
- Unit 4 is a 2 bed/2 bath ADU listed at $2,500/month with its own private entrance
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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 - Turnkey four-unit property with a remodeled unit and a newly constructed ADU featuring a 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 total current rents of $7,619.43/month; Unit mix: Unit 1 is 3 bed/2 bath ($1,609.81), Units 2 and 3 are 2 bed/2 bath ($2,250 and $1,259.62); Unit 4 is a 2 bed/2 bath ADU listed at $2,500/month with its own private entrance
