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Image 1 - 2176 West 57th Street, Los Angeles, CA 90062, USA - House for sale
Image 2 - 2176 West 57th Street, Los Angeles, CA 90062, USA - House for sale
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Home For Sale In Los Angeles, California
2176 West 57th Street, Los Angeles, CA 90062, USA

Home For Sale In Los Angeles, California

house for sale
Listed: 05/19/24

2176 West 57th Street, Los Angeles, CA 90062, USA

6 Bed:
5 Bath:
2,478 Sq Ft Living Area:
Save
Price
$ 1,05M

About This House

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 a9.86 GRMand 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.

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Hyde Park Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.