5700 South Van Ness Avenue
$1,000,000
4
5
2,478
2,478
$404
Closed 8/30/24
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...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.
- Listed by Aaron Jacobson • DRE #02100737 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559
- Listed by Taylor Avakian • DRE #02060040 • Brokerage DRE #02119386 • TAYVAY Corporation
Property Details for 5700 South Van Ness Avenue
Parking Spaces Total
0
Private PoolNo
Total Units5.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2478
Assessor Parcel Number5005-011-017
Property Attached YNfalse
LISTING UPDATED: 09/04/2024 03:18 AM
Property Details for 5700 South Van Ness Avenue
Status | Closed |
---|---|
MLS # | SB24098417 |
Days on Market | 30 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
County | Los Angeles County |
Building Information for 5700 South Van Ness Avenue
Building/Complex5700 S Van Ness AveFloor-Stories1Residences-Pet Policy-Year Built1924Building Size-
Property Information for 5700 South Van Ness Avenue
Property History for 5700 South Van Ness Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5700 South Van Ness Avenue
Taxable ValueLand$334,654Additions$239,835Total$574,489
Tax Record2024$7,310 ($609 / month)
Home Facts
Total Finished SqFt2,014 SqFtAbove Grade Finished SqFt2,014 SqFtLot Size4,988 SqFtStyleQuadraplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN5005-011-017
Schools near 5700 South Van Ness Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Charter - | 6 to 12 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Gifted Academy Of Math And Entrepreneurial Studies CharterK to 5 | ||
Alliance Ouchi-O'donovan 6-12 Complex Charter6 to 12 | ||
California Collegiate Charter School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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