5700 Van Ness (2116/2118 57th St), Los Angeles, CA 90062

Overview

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• Property Type: 5-Unit Apartment Building
• Location: 5700 Van Ness, Los Angeles County
• Portfolio: Part of an 8-building portfolio; can be sold individually or as a cohesive package.

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Investment Highlights

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5700 Van Ness is an exceptional opportunity for investors seeking immediate cash flow and long-term growth potential in the thriving Los Angeles real estate market. This property boasts compelling financial metrics, making it an attractive addition to any investment portfolio.

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• Gross Rent Multiplier (GRM): 9.86%
• Current Cap Rate: 6.96%
• Unit Price: $210,000 per unit
• Stabilized Cap Rate: 11.35%
• Rental Upside: 49%

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These figures indicate not only strong immediate income potential but also the likelihood of significant appreciation as market conditions evolve.

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Unit Mix

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The property features a well-balanced unit mix designed to cater to a diverse range of renters, thereby maximizing occupancy and rental income.

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• (3) One-Bedroom/One-Bath Units: Ideal for singles and couples seeking convenience and comfort.
• (1) Three-Bedroom/One-Bath Unit: Perfect for families or groups, providing ample living space.
• (1) Studio Unit: A desirable option for young professionals or students looking for affordability and location.

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Financial Performance

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Investors will appreciate the immediate and ongoing financial benefits associated with this property.

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• Immediate Income Potential: The property is projected to generate near a 7% Cap Rate from day one, providing immediate returns.
• Projected Stabilization:
  • GRM: 6.59
  • Cap Rate: 11.35%

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These numbers illustrate the strong income potential of the property, particularly once it reaches full occupancy and stabilized rental rates.

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Location Advantages

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Situated in a vibrant and growing area of Los Angeles, 5700 Van Ness offers numerous benefits for tenants, which translates into consistent demand for rental units.

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• Proximity to Key Neighborhoods:
  • Windsor Hills: Known for its beautiful parks and community-focused living.
  • Leimert Park: A cultural hub with a rich history and active arts scene.
  • Inglewood: An area undergoing rapid development, making it an attractive destination for renters.
• Accessibility:
  • Close to public transportation and major thoroughfares, providing easy access to the greater Los Angeles area.
  • Surrounded by amenities such as shopping centers, dining options, and recreational facilities, making it a convenient place for residents to live.

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Growth Potential

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5700 Van Ness not only offers immediate income but also significant growth potential.

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• Significant Rental Upside: With a projected 49% increase in rental income, this property is positioned for appreciation in a thriving market.
• Market Demand: The Los Angeles area continues to experience population growth, attracting young professionals and families looking for quality rental housing.

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Investing in a property in this submarket provides a strategic advantage, allowing investors to benefit from ongoing development and demand.

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Why Invest with The Group CRE and Lyon Stahl?

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Choosing to invest with The Group CRE, led by Taylor Avakian, ensures you are backed by experienced professionals dedicated to your success. As the First Vice President of Lyon Stahl, Taylor has extensive knowledge of the Los Angeles real estate market and a proven track record of helping investors achieve their goals.

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• Expertise: Tailored strategies that align with your investment objectives.
• Strategic Guidance: In-depth market analysis and personalized service throughout the investment process.

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For more information about this investment opportunity, please reach out to Taylor Avakian, founder of The Group CRE and First VP of Lyon Stahl. Seize this exceptional investment opportunity and secure your place in one of the most dynamic markets in the country! With strong financials, a desirable location, and growth potential, 5700 Van Ness is poised to be a standout asset in your real estate portfolio.

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