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
MULTI_FAMILY - Los Angeles, CA
Lot Size0.11 Acres
Days on Market4
Property Features for 5150 Ithaca
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room
- Parking
- 2
- Appliances
- Built-In Range
- 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
303 N Glenoaks Blvd Ste. 200, Burbank, CA
Listed by
Steven Gray · License #02194905
(213) 570-9275
Added: Jul 15 Checked: Jul 18 at 8:06 pm
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
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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
