5274 Ithaca Ave, Los Angeles, CA 90032

Overview

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Property Type: Multifamily Apartment Building
Year Built: 1963
Total Units: 9‍

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Neighborhood Overview

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Location: El Sereno, Los Angeles

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Proximity: Northeast of Downtown Los Angeles, just west of the San Gabriel Valley

The El Sereno neighborhood is an up-and-coming area with a mix of residential charm and urban appeal. Situated near Downtown LA and the San Gabriel Valley, it offers a prime location for multifamily investment opportunities.

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Transportation Access:
El Sereno provides easy access to public transportation, including Metro bus lines and nearby freeways, connecting residents to major employment centers and cultural attractions. This connectivity enhances the property's appeal for tenants who rely on public transit for daily commutes.

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Local Amenities:
Residents have access to various amenities within a short distance, including grocery stores, dining options, parks, and educational facilities. Nearby recreational spaces, such as Ascot Hills Park, offer outdoor activities and scenic views. The area’s amenities contribute to a high quality of life and attract tenants seeking a balanced urban lifestyle.

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Investment Highlights

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This property offers compelling features for investors:

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Property Features

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Building Condition and Upgrades:

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Recent upgrades to the property include a new roof and separately metered utilities, enhancing operational efficiency and reducing maintenance costs. These improvements add value to the property, making it attractive to both tenants and prospective investors.

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Accessibility:

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Located with convenient access to public transportation options and within a walkable neighborhood, this property is ideal for tenants who value proximity to key areas in Los Angeles. The presence of nearby employment hubs, parks, and essential services further enhances the property’s appeal.

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For Los Angeles apartment building owners and investors, 5274 Ithaca Avenue offers a unique opportunity to acquire a multifamily property in a growing neighborhood. With a versatile unit mix, significant rental upside, and strategic location, this property is poised for long-term success in the competitive Los Angeles market.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian
Founder, The Group CRE
First Vice President, Lyon Stahl

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