5090 Ithaca, Los Angeles, California 90032, Los Angeles, 90032 - 3 bed, 1 bath
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Los Angeles, California 90032
This Value-Add Investment Asset is listed at $605,000, strategically located in the high-demand El Sereno neighborhood near Cal State LA. While the $528,780 Fair Market Value reflects current market data, the property offers significant upside through its 4,808 sqft lot and ADU Expansion Potential. Currently holding a Condition Rating of 5, the "As-Is" structure requires a comprehensive renovation to address Permitting Discrepancies and modernize the 656 sqft footprint. This project is a prime acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on proximity to Downtown Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5090 Ithaca Subject | $575,000* List Price | 3 | 1 | 656 | $792 | - |
A 5013 O Sullivan Drive Sold | $605,000 | 2 | 1 | 802 | $754 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924 and sold in 'As-Is' condition, this property requires substantial rehabilitation and modernization. The listing explicitly mentions significant deferred maintenance and a cramped 656 sqft footprint for a three-bedroom layout, which likely indicates unpermitted additions given the public record shows only one bedroom. The property is positioned as an investment opportunity requiring a 'vision,' suggesting that major systems, the kitchen, and the bathroom are outdated or in disrepair.
Situated just minutes from Downtown Los Angeles and Cal State LA, the property offers excellent accessibility to major freeways and public transit, making it highly attractive for commuters and students.
The property sits on a generous 4,808 sqft lot with the existing structure set back, providing ample space for potential expansion or the addition of an Accessory Dwelling Unit (ADU) to maximize value.
Featuring mature trees for natural privacy and a large rear driveway, the property addresses common urban challenges by providing significant off-street parking and a secluded residential feel.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
There is a notable discrepancy between the 3-bedroom listing and the 1-bedroom public record, which may indicate unpermitted additions and could complicate traditional financing or future resale.
Sold in 'As-Is' condition with a very small 656 sqft footprint for three bedrooms, the property likely requires substantial capital investment to address deferred maintenance and modernize the cramped layout.
Full of potential and endless possibilities with the right vision this is a great opportunity for an investment or home. The property is a 3 bedroom 1 bath, public record showing 1 bedroom 1 bath. Property sits back on lot which offers ample space for expanding with mature trees for privacy. Large driveway in the back for parking and easy access. Storage and laundry in the basement. Located just minutes from Downtown LA and convenient access to all major freeways with Cal State LA, Ascot Park, shopping, dining and public transportation nearby. Property is being sold in As-Is condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 656 | 1,223 | 5% |
| Lot Size | 4,808 | 5,403 | 33% |
| Price | $575.0K | $862.5K | 8% |
| Price per sq ft | $877 | $698 | 83% |
| Built year | 1924 | 1942 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 177 | 10% |
Apr 2, 2026
$575,000
$605,000
-5% Price Drop
Initial Listing
Feb 26, 2026
$605,000
Initial Listing