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$1,050,000
4 bed
3 bath
0 Sqft
4,988 Sqft lot

5700 S Van Ness Avenue, Los Angeles, California 90062

  • Residential Income Property Type
  • 11 Days Time on market
  • 1924 Year Built
Property Description

Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 5700 Van Ness is a mostly Stabilized 5 unit apartment in Los Angeles County. Priced at a 9.86 GRM and 6.96% Current Cap rate, this asset is ideal for any investor looking for strong cash flow in a growing submarket of Los Angeles. The subject property boasts an excellent unit mix of (3) 1-Bed/1-Bath, (1) 3-Bed/1-Bath Units and (1) Studio, ideal for today’s renters. At only $210k/Unit, this asset provides near a 7% cap rate day one and stabilizes at 11.35%. 5700 Van Ness is minutes from Windsor Hills, Leimert Park and Inglewood.

Basic Details
Residential Income
Buy
SB24098417
$1,050,000
4
3
0 Sqft
1924
4,988 Sqft
Activeundercontract
Apartment
Houses
Features
: Street Lights, Urban, Biking, Dogpark
0
$0
: Public Sewer, None
Address
CA
Los Angeles
Los Angeles
90062
5700 S Van Ness Avenue
5700
Avenue
0
W119° 40' 59.5''
N33° 59' 26.9''
S
Additional Information
11
1
1
0
2,478 Sqft
1
0 Sqft
0 Sqft
0.11 Sqft
4,988 Sqft
1
: No Common Walls
0 Sqft
LAR2
5005011017
$0
$0
$0
$0
$0
$0
0 Sqft
1
0 Sqft
$0
1
14/06/2024 00:00:00
$0
: Standard
Cash,CashtoExistingLoan,CashtoNewLoan,Conventional
Off Van Ness and Slauson
Lyon Stahl Investment Real Estate, Inc.
Aaron Jacobson
SB1310620
SBJACOAAR
$0
6.96
33
1
: Item01unitacre
1
: Sewer Not Available
1
: Square Feet
: Community Apartment
yes
2
5
5
1
5
446
106460
US-06037-N-5005011017-R-N
Apartment
16/05/2024 02:25:55
Van Ness
PHHT - Park Hills Heights
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