Valley Village, CA 91607,5319 Vantage Ave
Valley Village, CA 91607,5319 Vantage Ave
Valley Village, CA 91607,5319 Vantage Ave
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$2,250,000
Est. payment /mo
16 Beds
12 Baths
10,860 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 10,860 sqft

Price per Sqft $207

MLS Listing ID 25567435

Bedrooms 16

Year Built 1954

Lot Size 0.343 Acres

Acres 0.1713

Property Sub-Type Multi-Family

Property Description

Offered for the first time in over 20 years, 5319 and 5325 Vantage is a family-owned, largely original asset presenting a true value-add opportunity. A new owner can unlock substantial upside through strategic upgrades to building systems, parking, the roof, and both unit interiors and exteriors revitalizing the property and enhancing the resident experience. With in-place rents trailing the market by approximately $786 per unit, and a loss-to-lease of roughly 39%, there is immediate potential to boost income through strategic renovations. All units are currently in classic condition, allowing a buyer to tailor improvements to today's renter preferences. Built in 1954, the property spans two lots for a combined 14,922 SF and consists of two adjacent 6-unit garden-style buildings totaling 10,860 gross SF with two (2) detached carport structures at the rear. The properties unit mix features eight (8) one-bedroom/one-bathroom units and four (4) two-bedroom/one-bathroom units. Additionally, the property features mature landscaping and underutilized common areas that offer an opportunity to enhance curb appeal and community spaces in this quiet, suburban pocket.

Location

State CA

County Los Angeles

Area Valley Village

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling Wall Unit(s)

Equipment None

Exterior

Parking Features Carport Detached

Garage Spaces 12.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by NorthMarq Realty Services, Inc.

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Kirshner Elkin Properties

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