Description
Looking for an investment opportunity in the heart of Los Angeles? Look no further than 5162 Ithaca Ave in the charming neighborhood of El Sereno. This well-maintained 4 unit building offers spacious 2 bedroom, 1 bathroom units, all individually metered for gas and electricity. It also has a bonus nonconforming studio. The property boasts 3 huge garages with high ceilings and 1 surface parking space. This allows great potential for an ADU. The SFR was built in 1926 and exudes charm and character. The rear building was built in 1958. The lot size of 4,800 square feet offers ample outdoor space for your tenants to enjoy. With a gross rent multiplier of 14.6 and a capitalization rate of 4.3%, this property offers a solid return on investment. El Sereno offers a unique blend of urban and suburban living. The area also boasts beautiful parks and recreational areas, such as Ernest E. Debs Regional Park and the Arroyo Seco. It also has easy access to the 10 and 710 junction and proximity to California State University Los Angeles and DTLA. Don't miss your chance to own this for only $1,150,000. Contact us today to schedule a showing and see this property for yourself!
Location
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 7th June, 2023 1:19 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 7th June, 2023 1:19 PM (UTC)
Listing Agent: Stephen F. Watson
Listing Office: Keller Williams Downtown LA
