5700 S Van Ness Ave Los Angeles, CA 90062
Chesterfield Square Neighborhood
4
Beds
3
Baths
2,478
Sq Ft
4,988
Sq Ft Lot
Highlights
- Bike Trail
- Dog Park
- 1-Story Property
About This Home
As of August 2024Part 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.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 05/15/2024
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02060040
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $7,310
Year Built
- Built in 1924
Lot Details
- 4,988 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Interior Spaces
- 2,478 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
- Sewer Not Available
Listing and Financial Details
- Tax Lot 446
- Assessor Parcel Number 5005011017
- $421 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
Recreation
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $30,173
- Gross Income $106,460
- Net Operating Income $73,093
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
Similar Homes in Los Angeles, CA
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
Average Home Value in this Area
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: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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
-
Aaron Jacobson
Seller's Agent in 2024
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559
1 in this area
30 Total Sales
-
Taylor Avakian
Seller Co-Listing Agent in 2024
Taylor Avakian
Lyon Stahl Investment Real Estate, Inc.
(916) 996-4421
1 in this area
11 Total Sales
-
Charles Chung
Buyer's Agent in 2024
Charles Chung
Integrity Realty Services and Investments Group
(310) 291-2059
1 in this area
18 Total Sales
-
Davis Saadian
Seller's Agent in 2018
Davis Saadian
Keller Williams Hollywood Hills
(310) 402-8958
78 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24098417
APN: 5005-011-017
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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