5700 S VAN NESS AVE
LOS ANGELES, CA 90062
$1,050,000
0 Beds
0 Baths
2,478 Sq Ft
Status Active Under Contract
MLS# SB24098417
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.
Details for 5700 S VAN NESS AVE
Built in 1924
$424 / Sq Ft
0 parking spaces
34 Days on website
0.1145 acres lot
Area Information for 5700 S VAN NESS AVE
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