Nine-Unit Apartment
For Sale
$1,600,000
5274 Ithaca Ave, Los Angeles, CA 90032
Nine-unit residential income property with a mix of 1-, 2-, and 3-bedroom units and ADU potential.
Property Size5,439 SF
Price / SF$294.17
Days on Market115
Property Features for 5274 Ithaca Ave
General Information
Standard status
Active
Size
5,439 SF
Property subtype
MULTI_FAMILY
Additional Details
Cap Rate
7.23%
Multifamily Units
9
Building Details
Building Size
5,439 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
William James · License #01734419
Source:
Milsteinestates
Added: Apr 17
Changed: Aug 7
Last Checked: Aug 9 at 12:00PM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This nine-unit apartment building includes (4) one-bedroom/one-bath units, (4) two-bedroom/one-bath units, and (1) three-bedroom/one-bath unit, with 5,439 square feet of living space. The offering is presented as having a stated 7.23% cap rate and 8.59 GRM. A large lot also presents ADU development potential, subject to buyer verification.
The property is located at 5274 Ithaca Ave in El Sereno, in a neighborhood described as growing, with convenient access to Downtown, Highland Park, and surrounding communities.
For investors seeking a multifamily asset with a varied unit mix, this building provides a straightforward, income-oriented structure. The existing composition can support tenant flexibility across studio-sized through larger layouts, while the large-lot ADU opportunity may appeal to buyers looking to evaluate additional development upside on-site. As always, due diligence is recommended to confirm assumptions related to the ADU and long-term feasibility.
The property is located at 5274 Ithaca Ave in El Sereno, in a neighborhood described as growing, with convenient access to Downtown, Highland Park, and surrounding communities.
For investors seeking a multifamily asset with a varied unit mix, this building provides a straightforward, income-oriented structure. The existing composition can support tenant flexibility across studio-sized through larger layouts, while the large-lot ADU opportunity may appeal to buyers looking to evaluate additional development upside on-site. As always, due diligence is recommended to confirm assumptions related to the ADU and long-term feasibility.
Key Highlights
- 1963‑built 9‑unit apartment building in El Sereno at 5274 Ithaca Ave.
- Unit mix: four 1‑bed/1‑bath, four 2‑bed/1‑bath, and one 3‑bed/1‑bath.
- 5,439 sq ft of living space across the 9 units.
Property Analytics
Property Profile
Current Use
Lease Details
9
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?
Apartment building - Nine-unit residential income property with a mix of 1-, 2-, and 3-bedroom units and ADU potential.
Where is this apartment building located?
The property is located at 5274 Ithaca Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 1963‑built 9‑unit apartment building in El Sereno at 5274 Ithaca Ave.; Unit mix: four 1‑bed/1‑bath, four 2‑bed/1‑bath, and one 3‑bed/1‑bath.; 5,439 sq ft of living space across the 9 units.
