$525,000
SOLD JUN 1, 2018
2 Beds
4 Baths
2,014 Sq Ft
4,988 Sq Ft Lot

Recently Sold

$261 Per Sq Ft

71 Days on Market

About This Home

As of August 2024

This home is located at 5700 S Van Ness Ave, Los Angeles, CA 90062 and is currently priced at $525,000, approximately $260 per square foot. This property was built in 1924. 5700 S Van Ness Ave is a home located in Los Angeles County with nearby schools including Angeles Mesa Elementary School, Horace Mann Ucla Community, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

Last Agent to Sell the Property

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 09/19/2017

Keller Williams Hollywood Hills

Last Buyer's Agent

Davis Saadian

Keller Williams Hollywood Hills License #01921748 Listed on: 09/19/2017

Keller Williams Hollywood Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,310

Year Built

  • Built in 1924

Lot Details

  • 4,988 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 2,014 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5005-011-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,310

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2014
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 260.68

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 31115
  • Assessed Land Value: 43869
  • Assessor Parcel Number: 5005-011-017
  • Geocode Override: No
  • Lot Size Area: 4988

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.74
  • Number Of Units: 4
  • Total Annual Expense: 12906
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Aug 8, 2024
Sold by
Sola Impact Fund Il Lp
Bought by
Charles Chung And Irina Yermilov Revocable Tr and Chung
Seller's Agent
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Charles Chung
Integrity Realty Services and Investments Group
List Price
$1,050,000
Sold Price
$1,000,000
Premium/Discount to List
-$50,000
-4.76%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.20%
Original Mortgage
$700,000
Outstanding Balance
$693,480
Interest Rate
5.9%
Mortgage Type
New Conventional
Estimated Equity
$262,660

Purchase Details

Closed on
Nov 27, 2017
Sold by
Shaw Realty Holdings Lp
Bought by
Sola Impact Fund Ii Lp

Purchase Details

Closed on
Apr 17, 2007
Sold by
Shaw M Daniel and Shaw Family Trust
Bought by
Shaw Realty Holdings Lp
Source: Public Records

Similar Homes in Los Angeles, CA

  • 5214 Cimarron St Unit 5216, Los Angeles, CA 90062

    $630,000

    • 2 Beds
    • 2 Baths
    • 1,600 Sq Ft
    • 5214 Cimarron St
    • Unit 5216
    • Los Angeles, CA

    Probate sale - court confirmation may be required. Long time family owned property, first time on the market in over 50 years. Drive by only. Do not disturb occupants. No showings at this time. Each unit is one bedroom and one bathroom. One unit has updated bathroom. Sold "as-is", no request for repairs will be considered, and no repair credits will be given. Present offers "subject to

    Sherri Reese Robert Pitts Estates

    Section Image
  • 601 E 79th St, Los Angeles, CA 90001

    $648,888

    • 3 Beds
    • 3 Baths
    • 1,782 Sq Ft
    • 601 E 79th St
    • Los Angeles, CA

    Great triplex with one bedroom and one bath each. They all have their own garage. A lot of upside in this property with the opportunity to convert garages into three separate ADU's.

    Raul Vega Bankers Investment Group Inc.

    Section Image
  • 440 E 82nd St, Los Angeles, CA 90003

    $599,000

    • 5 Beds
    • 3 Baths
    • 2,064 Sq Ft
    • 440 E 82nd St
    • Los Angeles, CA

    Investor’s Jackpot! This isn’t just a triplex—it’s your golden ticket to serious returns in one of LA’s most high-demand rental zones! Featuring TWO spacious 2-bed/1-bath units plus ONE stylish 1-bed/1-bath, this fully occupied income property is already performing and primed for long-term growth—steps from USC, the Coliseum, BMO Stadium, the George Lucas Museum, and Exposition Park. Walk to the

    Novelette Witt Morgen Real Estate, Inc.

    Section Image
  • 1500 W 59th Place, Los Angeles, CA 90047

    $595,000

    • 4 Beds
    • 2 Baths
    • 1,156 Sq Ft
    • 1500 W 59th Place
    • Los Angeles, CA

    I proudly present to you this charming 2 Unit property in a well established neighborhood of Los Angeles. Don’t miss this incredible investment opportunity! This duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom, perfect for owner-occupants or savvy investors. Situated just minutes from downtown Los Angeles, this property boasts a prime location with easy access to

    Uriel Estrada Executive Bankers Realty

    Section Image
  • 5965 West Blvd, Los Angeles, CA 90043

    $620,000

    • 6 Beds
    • 3 Baths
    • 2,135 Sq Ft
    • 5965 West Blvd
    • Los Angeles, CA

    Excellent investment opportunity! Two level Triplex with two separate buildings in highly desirable Park Hills Heights neighborhood. Centrally located near Baldwin Hills, Leimert Park tree lined streets in a vibrant area. The front unit is a one floor, spacious, two bedroom, one bathroom home that has a third room that can be used for office space or a third bedroom. It currently appears as a

    Stephanie Villavicencio REALTY ONE GROUP MASTERS

    Section Image
  • 4339 Halldale Ave, Los Angeles, CA 90062

    $498,000

    • 4 Beds
    • 2 Baths
    • 1,300 Sq Ft
    • 4339 Halldale Ave
    • Los Angeles, CA

    One buyer's cold feet is presents an opportunity for you! Priced to sell and perfect for your real estate portfolio! This is an excellent investment opportunity near vibrant Leimert Park and just minutes from USC. This well-kept duplex features a tenant-occupied 3-bedroom, 1-bath unit generating steady income, and a vacant 1-bedroom, 1-bath unit ready for immediate occupancy or lease. Each unit

    Kimberly Calvert-Lehman Compass

    Section Image
  • 937 W 52nd St, Los Angeles, CA 90037

    $650,000

    • 6 Beds
    • 4 Baths
    • 2,687 Sq Ft
    • 937 W 52nd St
    • Los Angeles, CA

    Don't miss out on an opportunity to own a triplex in the heart of Los Angeles! This property is conveniently located near major attractions such as the LA Coliseum, the California Science Center, BMO Stadium, Exposition Park, USC and the highly anticipated Lucas Museum of Narrative Art, on-track to open in 2025. This triplex offers a fantastic investment opportunity to live in one unit while

    Lanisha Stubbs Real Broker

    Section Image
  • 1615 W 39th Place, Los Angeles, CA 90062

    $599,000

    • 3 Beds
    • 3 Baths
    • 1,721 Sq Ft
    • 1615 W 39th Place
    • Los Angeles, CA

    ** MOTIVATED SELLER**Excellent Investment Opportunity** 3-Units in a prime area of Los Angeles**Property is a fixer upper, Needs TLC.This property features a side-by-side duplex (each unit 1 bedroom, 1 bathroom) plus a detached rear unit with 1 bedroom and 1 bathroom. Front Units are sizable and great for conversion to two-bedrooms. The combined living area is approximately 1,721 sq. ft.

    Jeannette Villegas First Family Homes

    Section Image
  • 1224 W 41st St, Los Angeles, CA 90037

    $630,000

    • 2 Beds
    • 2 Baths
    • 1,641 Sq Ft
    • 1224 W 41st St
    • Los Angeles, CA

    Set on a quiet wide street in Vermont Square, this inviting DUPLEX offers an excellent investment opportunity just minutes from Exposition Park, BMO Stadium, and USC. The property features 2 units with spacious 1-bedroom, 1-bathroom, making it ideal for renters or an owner-occupant. Both units are tenant-occupied on convenient month-to-month leases, ensuring immediate rental income with

    Katrina Gibson-Bragg Keller Williams Los Angeles

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,000,000 Provident Title
Grant Deed $515,000 North American Title
Grant Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Previous Owner $630,000 New Conventional
Previous Owner $1,619,250 New Conventional
Previous Owner $450,000 Commercial
Previous Owner $386,250 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Rent $2,850 0.0% --
07/06/2025 07/06/25 Off Market $2,850 -- --
06/03/2025 06/03/25 For Rent $2,850 0.0% --
08/30/2024 08/30/24 Sold $1,000,000 -4.8% $404 / Sq Ft
05/15/2024 05/15/24 For Sale $1,050,000 +100.0% $424 / Sq Ft
06/01/2018 06/01/18 Sold $525,000 0.0% $261 / Sq Ft
09/19/2017 09/19/17 For Sale $525,000 -- $261 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,310 $574,489 $334,654 $239,835
2023 $7,176 $563,226 $328,093 $235,133
2022 $6,855 $552,183 $321,660 $230,523
2021 $6,764 $541,356 $315,353 $226,003
2019 $6,568 $525,300 $306,000 $219,300
2018 $6,473 $515,000 $300,000 $215,000
2017 $2 $76,483 $44,746 $31,737
2016 $1,177 $74,984 $43,869 $31,115
2015 $1,164 $73,859 $43,211 $30,648
2014 $1,197 $72,413 $42,365 $30,048
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-271946

The MLS

APN: 5005-011-017