Turnkey Four-Unit Income
5150 Ithaca Los Angeles, CA 90032
New
5150 Ithaca, Los Angeles, CA, 90032
$1,350,000
For Sale
$1,350,000
Turnkey four-unit property with a remodeled unit and a newly constructed ADU featuring a private entrance.
Days on Market3
Property Features for 5150 Ithaca
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1988
Listing agency
eXp Realty of Greater Los Angeles, Inc
(888) 652-1314
Listed by
Steven Gray · License #02194905
Source
Elliman
Added: Jul 20 Updated: Jul 21 at 1:50PM Checked: Jul 21 at 1:50PM
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
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
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
