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5700 Van Ness Avenue
Los Angeles, CA 90062
Sold
5700 Van Ness Avenue
Los Angeles, CA 90062
Sold
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.
PROPERTY INFORMATION
| MLS # | SB24098417 | Lot Size | 4,988 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,050,000
Price Per SqFt: $ 424 |
DOM | 354 Days |
| Address | 5700 Van Ness Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,478 Sq. Ft. |
| Postal Code | 90062 | Garage | N/A |
| County | Los Angeles | Year Built | 1924 |
| Bed / Bath | 4 / 0 | Parking | N/A |
| Built In | 1924 | Status | Closed |
| Sold Date | 2024-08-30 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| EntryLocation | Front |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,120
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/30/2024 | Sold | $1,000,000 |
| 06/17/2024 | Active Under Contract | $1,050,000 |
| 05/15/2024 | Listed | $1,050,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
