5150 Ithaca, Los Angeles, CA — listing photo 1
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FOR SALE

5150 Ithaca

Los Angeles, CA 90032
4,801 Lot Sq Ft
Built 1988
$1,299,000
Price ReducedWas $1,350,000 — $1,299,000 (-$51,000)

Property Overview

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%

Home Details

Property type
Residential Income - Quadruplex
Year built
1988
Lot size
4,801 sq ft
Parking
2 spaces
Garage
2 spaces
Stories
2
Days on market
81
MLS status
Active

Features & Amenities

Appliances

  • Built In Range

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Community

View
None

Utilities

Heating
Combination,Ductless
Cooling
Ductless
Electric
Standard
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

5150 Ithaca

Los Angeles, CA 90032

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Frequently Asked Questions About 5150 Ithaca

Property type: Residential Income

The current asking price is $1,299,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 5150 Ithaca. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1988. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 81 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Steven Gray
MLS ID: PWSTEGRA

Available property

$1,299,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.