5700 S Van Ness Avenue,
Home For Sale
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 todays 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 Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90062
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- MLS® #:
- SB24098417
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- Bedrooms:
- 4
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- Lot Size:
- 0.11
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- Neighborhood:
- LOS ANGELES (90062)
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Listing information last updated on August 30th, 2024 at 10:00pm PDT.