5700 S Van Ness Ave, Los Angeles, CA 90062

5700 S Van Ness Ave, Los Angeles, CA 90062

Los Angeles, CA
$1,000,000

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 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 Features

  • Sale Price: $1,000,000
  • Area Size: 4,988 sq ft lot
  • Year Built: 1924
  • Closing Date: 8/30/2024
  • Units: 5
  • Current GRM: 9.86
  • Current Cap Rate: 6.96%