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  • 5150 Ithaca

5150 Ithaca, Los Angeles, CA 90032

$1,350,000 Approx. USD 0 beds, 0 baths
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Photo of Melissa Ellis

Melissa Ellis Manager 310-963-9826 m
310-829-0629 o
Lic#: 01905986
NRDS ID: 175524822
MelissaEllis@bhhscal.com Text Me
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Lic#: 01905986
NRDS ID: 175524822
MelissaEllis@bhhscal.com Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
Phone: 310-829-0629
Fax: 310-829-7541
 Santa Monica 3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
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Fax: 310-829-7541
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Listing Agent


Steven Gray | steven@stevenvgray.com
Lic#: 02194905
Broker: Courtesy of eXp Realty of Greater Los Angeles
Phone: 888-652-1314

Agent Remarks

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%

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# PW26156976
Price: $1,350,000
Beds: 0
Baths: 0
None fireplaces
Built in 1988
2 stories
0.11 acres
Lot size: 0.1102
County: Los Angeles
Appliances: Built-In Range
Lot description: ZeroToOneUnitAcre
Heating/cooling: Ductless
Heating description: Combination,Ductless
MLS area: 621 - El Sereno

Last Updated: 7/19/2026

 Days On Market (DOM): 31

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This listing belongs to the 621 - El Sereno MLS area

Lat/Long: 34.073030, -118.174071.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Melissa Ellis

Melissa Ellis Manager 310-963-9826 m
310-829-0629 o
Lic#: 01905986
NRDS ID: 175524822
MelissaEllis@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01905986
NRDS ID: 175524822
MelissaEllis@bhhscal.com
Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
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