5150 Ithaca, Los Angeles, CA 90032
5150 Ithaca, Los Angeles, CA 90032
5150 Ithaca, Los Angeles, CA 90032
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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$1,350,000
Est. payment /mo
2 Beds
2 Baths
4,801 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26156976

Bedrooms 2

Lot Size 4,801 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

This turnkey four-unit income property presents an outstanding investment opportunity, featuring a beautifully remodeled Unit 2 with a modern, high-end aesthetic and a newly constructed ADU with its own private entrance. The spacious unit mix offers strong tenant appeal while providing excellent long-term income potential. Ideally located near Cal State LA and with convenient access to Downtown Los Angeles and other major employment and lifestyle destinations, the property benefits from consistent rental demand. With projected rental increases, investors have the opportunity to achieve an estimated 5.1% capitalization rate, making this an attractive option for both long-term investors seeking stable cash flow and owner-occupants looking to offset ownership costs with rental income. Current Rents (Total: $7,619.43/month) Unit 1: 3 Bed / 2 Bath - $1,609.81 Unit 2: 2 Bed / 2 Bath - $2,250 Unit 3: 2 Bed / 2 Bath - $1,259.62 Unit 4 (ADU): 2 Bed / 2 Bath - $2,500 Current Financials: Annual Net Income: $69,928.57 Net Operating Income (NOI): $69,928.57 Annual Operating Expense: $21,504.59 Gross Rent Multiplier (GRM): 14.76% Capitalization Rate (Cap Rate): 5.18%

Location

State CA

County Los Angeles

Zoning Public Rec

Direction turn onto ithaca ave from belleglade

Interior

Heating Combination Heating

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5216021010

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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MLS Router / San Diego MLS
Listed by Steven Gray, DRE#02194905 eXp Realty of Greater Los Angeles 

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5150 Ithaca