$1,050,000
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5700 Van Ness Avenue Los Angeles, CA 90062
Apartment
Residence
Beds
Baths
...
Bed/Bath
2,478
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
SB24098417
Property Type
Apartment
Year Built
1924
Square Feet
2,478
sq. ft
Lot Size
0.11
Sewer
No Sewer, Public Sewer
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Source: Walk Score®
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