5318 VANTAGE AVENUE, VALLEY VILLAGE CA 91607
- 3,348 sq.ft.
- 7,427 sq.ft. lot
Property Description
Offered for sale for the first time in over 20+ years, 5318 Vantage is a family-owned and operated value add opportunity. and remains largely untouched, presenting a true value-add opportunity. A new owner can unlock significant upside by upgrading building systems, parking, the roof, and unit interiors and exteriors to modern standards revitalizing both the asset and resident experience. With in-place rents trailing the market by approximately $922 per unit, and a loss-to-lease of roughly 44%, 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 1953, the property sits on a 7,424 SF parcel and consists of one 4-unit garden-style building totaling 3,348 gross SF with one (1) detached carport structure at the rear of the lot. The properties unit mix features two (2) one-bedroom/one-bathroom units and two (2) 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.
Listing Courtesy of Elliot Hassan, NorthMarq Realty Services, Inc.
Interior Features
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