5700 S Van Ness Avenue Los Angeles, CA ^$ 1,050,000

5700 S Van Ness Avenue

^$ 1,050,000

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Recently Listed

5700 S Van Ness Avenue

Los Angeles, CA, 90062

^$ 1,050,000

Bedrooms1 Baths1.0 Sq 2,478

Monthly Estimate*

^$ 6,979

Listed by Lyon Stahl Investment Real Estate, Inc.

5700 S Van Ness Avenue, Los Angeles, CA 90062 - Image 1

5700 S Van Ness Avenue, Los Angeles, CA 90062 - Image 2

5700 S Van Ness Avenue, Los Angeles, CA 90062 - Image 3

5700 S Van Ness Avenue, Los Angeles, CA 90062 - Image 4

5700 S Van Ness Avenue, Los Angeles, CA 90062 - Image 5

Multi-Family Home for sale in Los Angeles, CA

for $1,050,000 with 1 bedroom and 1 full bath. This 2,478 square foot home was built in 1924 on a lot size of 0.1145.

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.

Multi-Family Active

Price

^$ 1,050,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1145

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB24098417

Days on Market

Features

General

Sewer PublicSewer None

Utilities SewerNotAvailable

Zoning LAR2

Garage Spaces 0.0

Pool Features None

Year Built 1924

Property SubType Apartment

Gross Income 106460.0

Community Features Biking DogPark StreetLights Urban

County Los Angeles

Net Operating Income 73093.0

Operating Expense 30173.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

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.

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Off Van Ness and Slauson

City Los Angeles

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area PHHT - Park Hills Heights

Lot Size Square Feet 4988.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Van Ness

Listing Terms Cash CashtoExistingLoan CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 10

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 446

Property Sub Type Additional Apartment

Cap Rate 6.96

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 0.0

Lot Size Area 4988.0

Number of Buildings 2

Spa N

Building Area Total 2478.0

Lot Size Acres 0.1145

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 5700

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 729-1559

Phone

Affordability Calculator

$6,979

Per Month

Monthly Principal & Interest: $6,979
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,985,860

Percent of Sale Price 89%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/16/2024	$1,050,000		Listed Price

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5700 S Van Ness Avenue, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $1,050,000 with 2,478 sqft and a lot size of 0.1145. 5700 S Van Ness Avenue has 1 bedrooms, 1.0 baths, and was built in 1924. The property's zip code is 90062 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/1/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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5700 S Van Ness Avenue

Multi-Family Home for sale in Los Angeles, CA

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