Skip To Content

5700 S Van Ness Avenue

Los Angeles (City), CA 90062
  • $1,050,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: SB24098417
$1,050,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Taylor Avakian of TAYVAY Corporation(916-996-4421)


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 todays 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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-30T00:30:35.32. 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 deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/150568681
Print Image

5700 S Van Ness Avenue Los Angeles (City), CA 90062

  • Price: $1,050,000
  • Status: Active
  • On Site: 14 Days
  • ID#: SB24098417
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1924
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
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 todays 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.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 6.96 Common Interest Community Apartment Community Features BikingDog ParkStreet LightsUrban Contingency Please do not disturb tenants. Call Aaron Jacobson 310.729.1559 or Taylor Avakian 916.996.4421. Please email Taylor@Lyonstahl.com or Aaron@Lyonstahl.com for Marketing Package. Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 106460 Gross Scheduled Income 106460 Insurance Expense 0 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanConventional1031 Exchange Net Operating Income 73093 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 30173 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public SewerNone Special Listing Conditions Standard Trash Expense 0 Utilities Sewer Not Available Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-30T00:30:35.32. 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 deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372775252-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372775252-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372775252-2.jpg
Logo
Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Aaron Jacobson of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Taylor Avakian of TAYVAY Corporation(916-996-4421)