5319 Vantage Avenue Pending Save Request In-Person Tour Request Virtual Tour
Valley Village,CA 91607
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 10,860 sqft
Price per Sqft $207
MLS Listing ID CL25567435
Year Built 1954
Lot Size 0.343 Acres
Property Sub-Type Other
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
Zoning LAR3
Interior
Heating Forced Air
Building
New Construction No