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.
Sold for $1,000,000
Listed by: Lyon Stahl Investment Real Estate, Inc. • Aaron Jacobson • Contact: 310-729-1559
Bought with: Integrity Realty Services and Investments Group
Tax assessed value
$1,000,000
5700 S Van Ness Ave, Los Angeles, CA 90062
6beds
5baths
2,478sqft
Multi Family
Built in 1924
-- sqft lot
$941,600 Zestimate®
$404/sqft
$2,655 Estimated rent
Home value
$941,600
$885,000 - $1.01M
$2,655/mo
Zestimate® history
Owner options
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$2,655/mo
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$2,655/mo
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$6,405/mo
Est. payment
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$6,405/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Aaron Jacobson DRE #02100737 310-729-1559,
Lyon Stahl Investment Real Estate, Inc.,
Taylor Avakian DRE #02060040 916-996-4421,
TAYVAY Corporation
Bought with:
Charles Chung, DRE #01787898
Integrity Realty Services and Investments Group
Source: CRMLS,MLS#: SB24098417
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,478
- Total interior livable area: 2,478 sqft
Property
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 4,988 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5005011017
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer, None
- Water: Public
- Utilities for property: Sewer Not Available
Community & HOA
Community
- Features: Biking, Dog Park, Street Lights, Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $404/sqft
- Tax assessed value: $1,000,000
- Annual tax amount: $12,320
- Date on market: 5/15/2024
- Cumulative days on market: 30 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Listing removed | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/25/2025 | Price change | $2,750-3.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/1/2025 | Listed for rent | $2,850-1.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/30/2024 | Sold | $1,000,000-4.8%$404/sqft |
Source:  CRMLS #SB24098417 Report a problem | ||
| 6/17/2024 | Contingent | $1,050,000$424/sqft |
Source: CRMLS #SB24098417 Report a problem | ||
| 5/16/2024 | Listed for sale | $1,050,000+100%$424/sqft |
Source: CRMLS #SB24098417 Report a problem | ||
| 6/15/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/27/2023 | Price change | $2,888-16.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/15/2023 | Listed for rent | $3,465$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/17/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/10/2023 | Listed for rent | $3,465+54%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/26/2020 | Listing removed | $2,250$1/sqft |
Source: Go Section8 Report a problem | ||
| 3/24/2020 | Listed for rent | $2,250$1/sqft |
Source: Go Section8 Report a problem | ||
| 6/1/2018 | Sold | $525,000+1.9%$212/sqft |
Source:  CLAW #17271946 Report a problem | ||
| 12/12/2017 | Sold | $515,000-1.9%$208/sqft |
Source: Public Record Report a problem | ||
| 11/29/2017 | Pending sale | $525,000$212/sqft |
Source: BRC Advisors #17271946 Report a problem | ||
| 9/19/2017 | Listed for sale | $525,000+5%$212/sqft |
Source: BRC Advisors #17271946 Report a problem | ||
| 7/13/2017 | Listing removed | $500,000$202/sqft |
Source: CENTURY 21 A Better Service Realty #DW17107131 Report a problem | ||
| 5/12/2017 | Price change | $500,000-9.1%$202/sqft |
Source: CENTURY 21 A Better Service Realty #DW17071630 Report a problem | ||
| 4/6/2017 | Listed for sale | $550,000$222/sqft |
Source: Century 21 A Better Service #DW17071630 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,320 +68.6% | $1,000,000 +74.1% |
| 2024 | $7,310 +1.9% | $574,489 +2% |
| 2023 | $7,176 +4.7% | $563,226 +2% |
| 2022 | $6,855 +1.4% | $552,183 +2% |
| 2021 | $6,764 -1% | $541,356 +1% |
| 2020 | $6,829 | $535,806 +2% |
| 2019 | $6,829 +5.5% | $525,300 +2% |
| 2018 | $6,473 | $515,000 +573.4% |
| 2017 | $6,473 +428% | $76,483 +2% |
| 2016 | $1,226 +4.2% | $74,984 +1.5% |
| 2015 | $1,177 -1.7% | $73,859 +2% |
| 2014 | $1,197 | $72,413 +4.5% |
| 2011 | -- | $69,290 +0.5% |
| 2009 | -- | $68,938 -88.7% |
| 2008 | -- | $612,000 +823.6% |
| 2007 | -- | $66,264 +2% |
| 2006 | -- | $64,965 |
| 2005 | -- | $64,965 +6% |
| 2003 | -- | $61,301 +2% |
| 2002 | -- | $60,100 +4% |
| 2000 | -- | $57,768 |
Find assessor info on the county website
Neighborhood: South Los Angeles
Nearby homes
- $--3 bd1 ba685 sqft5700 S Van Ness Ave #5700, Los Angeles, CA 90062Off Market
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Nearby schools
GreatSchools rating
- 4/10Angeles Mesa Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Horace Mann Ucla CommunityGrades: 6-12Distance: 1 mi
- 3/10Crenshaw Science, Technology, Engineering, Math And Medicine MagnetGrades: 9-12Distance: 0.7 mi
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Estimated market value
$941,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$941,600
- California
- Los Angeles County
- Los Angeles
- 90062
- South Los Angeles
- 5700 S Van Ness Ave
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