5360 Ithaca Avenue, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath
ACTIVE$749,900
5360 Ithaca Avenue, Los Angeles, California 90032
0Bed
0Bath
948Sqft
4,682Lot
Year Built
1947
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$791
HOA
-
Days on market
-
Sold On
-
MLS number
DW25164326
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $749.9K(50th), sqft - 948(8th), beds - undefined(50th), baths - undefined(50th).
LARD1.5 ZONING, this unique property offers two units on a lot, 2 bedroom, 1 bathroom and 1 bedroom 1 bathroom ideal for owner occupant, investors, developers, seeking rental potential.
Price History
Date
Event
Price
07/22/25
Listing
$749,900
11/28/07
Sold
$355,000
Condition Rating
Poor
The property was built in 1947, making it 77 years old. The exterior images reveal significant age, wear, and a clear lack of modern updates, including peeling paint, a worn external staircase, and an unkempt yard. No interior images are provided, but given the exterior condition and age, it is highly probable that the kitchens, bathrooms, and other interior features are severely outdated and require substantial repairs and rehabilitation. The listing description targeting 'investors, developers, seeking rental potential' further suggests the property needs significant investment to be brought to current living standards.
Pros & Cons
Pros
Income-Generating Duplex: The property features two distinct units (2 bedroom, 1 bathroom and 1 bedroom, 1 bathroom), providing immediate rental income potential for investors or an opportunity for owner-occupancy with rental offset.
Favorable LARD1.5 Zoning: The LARD1.5 zoning is a significant asset, offering enhanced development potential for higher density or additional units, making it highly attractive to developers.
Broad Buyer Appeal: Explicitly marketed for owner-occupants, investors, and developers, the property's versatility broadens its market appeal and potential buyer pool.
Desirable Los Angeles Location: Located in Los Angeles, a prime metropolitan area, the property benefits from strong rental demand and potential for long-term property value appreciation.
Development Potential (Lot Size & Zoning): The combination of a 4682 sqft lot and LARD1.5 zoning presents opportunities for expansion, redevelopment, or the addition of Accessory Dwelling Units (ADUs), maximizing land use.
Cons
Age of Property: Built in 1947, the property is older, which may imply the need for significant updates, repairs, or replacement of outdated systems to meet modern living standards.
Limited Living Space: With a total of 948 sqft for two units, the individual unit sizes are relatively small, which might limit appeal for tenants or owner-occupants seeking more spacious accommodations.
Potential for Renovation Investment: Given its age and the target audience of investors/developers, substantial capital investment is likely required for modernization, deferred maintenance, or to fully realize its development potential.