5700 S Van Ness Avenue, Los Angeles, CA 90062
Property · 2 recorded sales since 2018
Sold August 2024
Listing Agent: Aaron Jacobson (DRE #02100737) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-729-1559 · Bought with: Charles Chung · Integrity Realty Services and Investments Group · MLS #SB24098417 · Source: CRMLS
About this property
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.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history
