Remodeled Quadplex with
For Sale
$1,299,000
5150 Ithaca, Los Angeles, CA 90032
Four-unit income property with a recently constructed accessory dwelling unit and private entrance.
Property Size3,250 SF
Days on Market95
Property Features for 5150 Ithaca
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Quadruplex
Net Operating Income
$69,928
Financials
Cap Rate
5.18%
Gross Income
$91,433
Gross Rent Multiplier
14.76
Units
Unit Mix
1 x 3BR/2BA, 3 x 2BR/2BA
Multifamily Units
4
Building Details
Building Size
3,250 SF
Year Built
1988
Listing Agency:
eXp Realty of Greater Los Angeles
Listed By:
Steven Gray · License #02194905
(888) 652-1314
Source:
Archetyperealty
Added: Jul 18
Changed: Oct 18
Last Checked: Oct 19 at 2:06PM
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
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Investment Insights
Based on property information with market context.
This four-unit residential income property was built in 1988 and includes a recently constructed ADU with a separate private entrance. Unit 2 has been remodeled with a modern finish, while the unit mix includes one three-bedroom, two-bath residence and three two-bedroom, two-bath residences. The configuration supports multiple rental layouts within a single property.
The property is near Cal State LA, with access to Downtown Los Angeles and other employment and lifestyle destinations. Current financial metrics include a 14.76% GRM and a 5.18% capitalization rate. The asset may also suit an owner-occupant seeking a residence alongside additional rental units, as that use is stated in the property information.
The property is near Cal State LA, with access to Downtown Los Angeles and other employment and lifestyle destinations. Current financial metrics include a 14.76% GRM and a 5.18% capitalization rate. The asset may also suit an owner-occupant seeking a residence alongside additional rental units, as that use is stated in the property information.
Key Highlights
- Four‑unit property with one 3 Bed / 2 Bath unit and three 2 Bed / 2 Bath units
- Recently constructed ADU with its own private entrance
- Unit 2 remodeled with a modern, high‑end aesthetic
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
714
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with a recently constructed accessory dwelling unit and 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 $1,299,000.
What are key features of this property?
This property features: Four‑unit property with one 3 Bed / 2 Bath unit and three 2 Bed / 2 Bath units; Recently constructed ADU with its own private entrance; Unit 2 remodeled with a modern, high‑end aesthetic
