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$ 800,000
Est. payment | /mo
6 Beds
4 Baths
3,348 SqFt
$ 800,000
Est. payment | /mo
6 Beds
4 Baths
3,348 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 3,348 sqft
Price per Sqft $238
MLS Listing ID 25567429
Bedrooms 6
HOA Y/N No
Year Built 1953
Lot Size 7,426 Sqft
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.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LAR3
Interior
Heating Forced Air
Fireplace No
Exterior
Total Parking Spaces 4
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2347017012
Special Listing Condition Standard
Listed by Elliot Hassan NorthMarq Realty Services, Inc.
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Peter San Nicolas
Broker-Owner | Lic# 01965597