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5150 Ithaca Ave, Los Angeles, CA 90032

List Price: $1,450,000On Market FlagOn market
Mar 18, 20253,250 sqft9 beds8 baths
Listed by: Steven Gray
License #: 02194905
Phone #: 6266691917
eXp Realty of Greater Los Angeles
Source:
CRMLS Logo
MLS #: PW25059012

Property Description

5150 Ithaca Ave is a 4 Unit property featuring a 3Bed/2Bath, and three (3) 2Beb/2Bath units. The rear ADU is New Construction with all modern interior, fixtures, materials, and appliances. Unit #2 is fully remodeled and modernized, seamlessly blending contemporary aesthetics with income-generating potential. Originally built as a triplex in 1988, this property features a newly constructed ADU (#5152) with a private rear entrance, adding tremendous value and flexibility for investors. Modern Exterior & Architectural Appeal Striking black corrugated metal façade with natural wood eaves, creating an industrial-modern aesthetic. Dual-level design with an elevated living space above and a spacious, well-lit garage below. Newly built ADU (#5152) in the rear, maintaining the same high-quality construction and sleek design, and including 3 car ports below the unit with access to rear alley. Ample parking and storage within the garage structure. Sleek & Contemporary Interiors Each unit has been meticulously designed to offer modern sophistication while optimizing functionality: Open-Concept Kitchens – Outfitted with stainless steel appliances, sleek quartz countertops, farmhouse-style sinks, and custom cabinetry. Subway tile backsplashes with floating wood shelves add warmth and a contemporary edge. Spacious Living Areas – Light-toned wood flooring complements the neutral color palette, creating a bright, inviting atmosphere. Luxury Bathrooms – Floor-to-ceiling matte-black tile, rainfall showerheads, floating vanities, and backlit LED mirrors enhance the contemporary elegance. Serene Bedrooms – Large windows provide abundant natural light, complemented by custom built-in closets and recessed lighting. New mini-split (ductless) HVAC systems, recessed lighting. Prime Location with Strong Investment Potential Strategically positioned for high rental demand, this property offers: Proximity to Cal State Los Angeles, Downtown LA, Dodger Stadium, Union Station, and the Arts District. Convenient access to 710, 5, and 10 freeways, ensuring seamless commuting options. A highly desirable urban environment attracting long-term tenants and professionals.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$21,144

TurboHome Estimated Value

$1,429,800

$440 sqft

High Valuation
$1,501,290
$462/sqft
Normal Valuation
$1,429,800
$440/sqft
Low Valuation
$1,358,310
$418/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$440/sqft$1,429,800

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