12
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$1,399,999
Est. payment /mo
8,202 Sqft Lot
New
5547 Vantage AVE Valley Village, CA 91607
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UPDATED:
02/25/2025 02:51 AM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25037469
HOA Y/N No
Year Built 1948
Lot Size 8,202 Sqft
Property Sub-Type Triplex
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.
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 Vvl - Valley Village
Zoning LAR3
Interior
Heating Floor Furnace
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Corner Lot, Value In Land
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2347012001
Energy Description 240.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Vartan Markarian • Markarian Realty • [email protected]