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5150 Ithaca

Los Angeles, CA 90032
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Bed 2

Bed

Bath 2

Bath

SqFt4,801

Sqft(Lot)

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. Curre nt 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%

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,299,000

AD Id : 91414183

MLS Id : PW26156976

Beds : 2

Lot Size : 4,801 Sq. Ft

Year Built : 1988

Garage : 2

County : Los Angeles

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Feature Features

  • Interior Features

    Appliances: BuiltInRange
    Laundry Features: CommonArea
  • Heating & Cooling

    Has Heating: Yes Heating: Combination, Ductless Has Cooling: Yes Cooling: Ductless

  • Building Information

    Year Built: 1988
    Building Area Total: 3250
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 4801 Lot Size Acres: 0.1102 Lot Size Source: Assessor Lot Size Square Feet: 4,801 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $1299000
    Original Price: $1350000
    Cash, Conventional, FHA

  • Tax Information

    Parcel Number: 5216021010 Tax Lot: 147

  • Parking Information

    Parking Total: 2

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Utility Information

    ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
  • Location Information

    Direction: turn onto ithaca ave from belleglade WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5245 Navarro, Los Angeles, CA, 90032 $979,888 6 4 -- 7,057 Sq. Ft
5360 Ithaca, Los Angeles, CA, 90032 $720,000 3 2 -- 4,682 Sq. Ft
3816 3818 Drysdale Avenue, Los Angeles, CA, 90032 $818,000 4 2 -- 7,125 Sq. Ft
3910 Drysdale Avenue, Los Angeles, CA, 90032 $888,000 9 4 -- 7,127 Sq. Ft
3817 Drysdale, Los Angeles, CA, 90032 $829,000 4 -- 1,992 7,124 Sq. Ft
3073 Chadwick, Los Angeles, CA, 90032 $1,300,000 4 2 -- 22,372 Sq. Ft
5226 Ithaca, Los Angeles, CA, 90032 $735,000 6 4 -- 5,326 Sq. Ft
5129 Alhambra Avenue, Los Angeles, CA, 90032 $859,000 3 2 -- 2,500 Sq. Ft
3322 Thelma, Los Angeles, CA, 90032 $899,999 4 2 -- 4,806 Sq. Ft
3318 Thelma Avenue, Los Angeles, CA, 90032 $699,000 4 2 -- 4,806 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/25/2026 @ 17:57

MLS: PW26156976 LISTED BY: Steven Gray, eXp Realty of Greater Los Angeles 888-652-1314 SOURCE: CRMLS

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