5547 Vantage Ave

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.