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$ 1,349,999
Est. payment /mo
Pending
5547 Vantage Avenue Valley Village, CA 91607
5 Beds
3 Baths
8,201 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID GD25056806
Bedrooms 5
HOA Y/N No
Lot Size 8,201 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
PLEASE DO NOT DISTURB TENANTS. This prime property offers significant potential for builders or owner-occupants seeking to capitalize on its versatile design and location. Positioned on a prominent corner lot with alley access, the property is zoned LAR3 and offers the possibility for future development, potentially accommodating up to 10+ units (buyer to verify with the city). Spanning approximately 8,199 square feet, this lot presents a rare opportunity for expansion. Currently, the property consists of three well-maintained units. Two of them are 2-bedroom, 1-bathroom units. The other unit has 1-bedroom, 1-bath. Each of the units feature private garden spaces. The units are leased at $3,114, $2,385, and $1,575, with tenants on month-to-month leases. Two of the units have been recently updated, while one unit is occupied by a long-term tenant at below-market rent. Additionally, the property includes a 3-car garage with significant potential for conversion into an ADU (Accessory Dwelling Unit). The two car garage space has a workshop plus additional laundry hook ups and is currently rented for $400/month as storage. The shared laundry room brings in an additional $80/month.
PLEASE DO NOT DISTURB TENANTS. This prime property offers significant potential for builders or owner-occupants seeking to capitalize on its versatile design and location. Positioned on a prominent corner lot with alley access, the property is zoned LAR3 and offers the possibility for future development, potentially accommodating up to 10+ units (buyer to verify with the city). Spanning approximately 8,199 square feet, this lot presents a rare opportunity for expansion. Currently, the property consists of three well-maintained units. Two of them are 2-bedroom, 1-bathroom units. The other unit has 1-bedroom, 1-bath. Each of the units feature private garden spaces. The units are leased at $3,114, $2,385, and $1,575, with tenants on month-to-month leases. Two of the units have been recently updated, while one unit is occupied by a long-term tenant at below-market rent. Additionally, the property includes a 3-car garage with significant potential for conversion into an ADU (Accessory Dwelling Unit). The two car garage space has a workshop plus additional laundry hook ups and is currently rented for $400/month as storage. The shared laundry room brings in an additional $80/month.
PLEASE DO NOT DISTURB TENANTS. This prime property offers significant potential for builders or owner-occupants seeking to capitalize on its versatile design and location. Positioned on a prominent corner lot with alley access, the property is zoned LAR3 and offers the possibility for future development, potentially accommodating up to 10+ units (buyer to verify with the city). Spanning approximately 8,199 square feet, this lot presents a rare opportunity for expansion. Currently, the property consists of three well-maintained units. Two of them are 2-bedroom, 1-bathroom units. The other unit has 1-bedroom, 1-bath. Each of the units feature private garden spaces. The units are leased at $3,114, $2,385, and $1,575, with tenants on month-to-month leases. Two of the units have been recently updated, while one unit is occupied by a long-term tenant at below-market rent. Additionally, the property includes a 3-car garage with significant potential for conversion into an ADU (Accessory Dwelling Unit). The two car garage space has a workshop plus additional laundry hook ups and is currently rented for $400/month as storage. The shared laundry room brings in an additional $80/month.
Location
State CA
County Los Angeles
Area Valley Village (91607)
Zoning Assessor
Interior
Appliance Floor Furnace
Building
Lot Description Corner Lot
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Miscellaneous Value in Land
Space Rent $3,114
Listed by Vartan Markarian • Markarian Realty
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