5318 Vantage Avenue, Valley Village, CA 91607

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. … read more …