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Kelly Hughes

kelly.hughes@engelvoelkers.com +1(310) 447-4810

$ 1,495,000

Est. payment -/mo

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Price Dropped by $105K

5274 Ithaca Ave Los Angeles, CA 90032

15 Beds

10 Baths

5,439 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,439 sqft

Price per Sqft $274

MLS Listing ID 26750675

Style Mid-Century

Bedrooms 15

Year Built 1963

Lot Size 9,604 Sqft

Acres 0.2205

Property Sub-Type Multi-Family

Property Description

The James Group is pleased to present 5274 Ithaca Ave, a 9 unit apartment offering in the established Eastside neighborhood of El Sereno. Built in 1963, the property has a desirable unit mix including (1) 3 bed / 1 bath, (4) 2 bed / 1 bath, and (4) 1 bed / 1 bath units spread out over 5,439 square feet, and sits on a generous 9,601 square foot LARD1.5 zoned lot. 5274 Ithaca is a value-add opportunity with approximately 22% upside in rents, giving a future investor a clear path to grow income through strategic rent adjustments and targeted unit improvements as tenancies turn. Three units, (1) 1 bed / 1 bath and (2) 2 bed / 1 bath, will be delivered vacant. A new owner can lease them at market rents on day one while collecting strong in place cash flow.El Sereno sits at the crossroads of LA's Eastside, bordered by South Pasadena, Alhambra, and Lincoln Heights. The property is approximately 2 miles from Cal State LA and just over 3 miles from the USC Health Sciences Campus, home to Keck Hospital of USC. Those two major employers support a deep and steady renter base. Access to the 10 and 710 freeways, the Huntington Drive corridor, and the Metrolink San Bernardino Line at Cal State LA connects tenants to Downtown LA, Pasadena, and the San Gabriel Valley in minutes. Residents also enjoy nearby dining, retail, and green space such as Ascot Hills Park. With a well located building, real rental upside, and vacancies on day one, this is an opportunity to own a generational asset in one of LA's most connected Eastside neighborhoods.

Location

State CA

County Los Angeles

Area El Sereno

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Fireplaces Type None

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Assigned

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Building

Lot Description Single Lot

Story 2

Architectural Style Mid-Century

Level or Stories Multi/Split

Structure Type Stucco

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

Kelly Hughes

Global Real Estate Advisor CA DRE# 01501287

+1(310) 447-4810

Kelly Hughes

5274 Ithaca Ave Los Angeles, CA 90032

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5274 Ithaca Ave