Home | Los Angeles County | Los Angeles | 90032 | 5150 Ithaca
MLS: CRPW26156976 | Status: Active | Price: $1,350,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 4,801 | 1988 |
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%
| Field | Value |
|---|---|
| MLS # | CRPW26156976 |
| MLS Source | California Regional MLS |
| Days on Site | 6 |
| Feature | Details |
|---|---|
| Appliances | Oven Range - Built-In |
| Flooring | Other |
| Heating | Multi Type |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 2 Car(s) |
Steven Gray
eXp Realty of Greater Los Angeles
License #: 02194905
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 560 Coleman | $1,180,000 | – | – | – | PendingDoNotShow |
| 2057 N Eastern | $1,080,000 | – | – | – | Active |
| 1607 Westmont Drive | $1,368,000 | – | – | – | Contingent |
| 3842 Woolwine Dr | $1,149,000 | – | – | – | Active |
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This listing information is up-to-date as of July 19, 2026. For the most current information, please contact Steven Gray.