5027 Buffalo Avenue
5027 Buffalo Avenue
$3,800,000
26
22
12,792
12,792
$297
Sold 10/2/23
Description
We are pleased to present 5027-5033 Buffalo Avenue, a 12-unit multifamily property located in the affluent community of Sherman Oaks, California. With an outstanding unit mix, including mostly two and three bedroom apartments, the property is well-positioned for an investor to capitalize on recent rent growth in the submarket with roughly 44% upside in rents . Constructed in 1961, the two buildings occupy an 11,691 square foot lot near the intersection of Riverside Drive and Woodman Avenue. The property...We are pleased to present 5027-5033 Buffalo Avenue, a 12-unit multifamily property located in the affluent community of Sherman Oaks, California. With an outstanding unit mix, including mostly two and three bedroom apartments, the property is well-positioned for an investor to capitalize on recent rent growth in the submarket with roughly 44% upside in rents . Constructed in 1961, the two buildings occupy an 11,691 square foot lot near the intersection of Riverside Drive and Woodman Avenue. The property has undergone several upgrades in the past, including new roofs on both buildings, newer exterior paint, and a new modern fence creating a private yard for one of the apartments. Seismic retrofitting has been completed along with select interiors that have been renovated, including some combination of luxury vinyl plank flooring, recessed lighting, quartz countertops, new cabinets, stainless steel appliances, upgraded bathrooms, ceiling fans, and a washer/dryer unit. The on-site laundry facilities are landlord-owned, allowing for a substantial amount of additional income. Located just north of the Westfield Fashion Square and Notre Dame High School, the property sits mere blocks from the boutiques and bistros of prestigious Ventura Boulevard.
- Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 5027 Buffalo Avenue
Water Front
None
ZoningLAR3
Parcel Number2359024044
Total Units12.0
Living Area12792
Source Living AreaVendor Enhanced
AreaSherman Oaks (SO)
Vacancy RateNo
Location
LISTING UPDATED: 10/03/2023 10:07 AM
Property Details for 5027 Buffalo Avenue
Status | Sold |
---|---|
MLS # | 23-259913 |
Days on Market | 170 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1961 |
Lot Size | 0.27 AC / 11,632 SF |
County | Los Angeles County |
Location
Building Information for 5027 Buffalo Avenue
Stories2Residences-Year Built1961Building Size-Lot Size0.27 AC / 11,632 SF
Payment Calculator
$24,801 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5027 Buffalo Avenue
Property History for 5027 Buffalo Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5027 Buffalo Avenue
Taxable ValueLand$1,561,725Additions$2,342,588Total$3,904,313
Tax Record2023$48,754 ($4,063 / month)
Home Facts
Total Finished SqFt12,792 SqFtAbove Grade Finished SqFt12,792 SqFtLot Size11,690 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR3CountyLOS ANGELESAPN2359-024-044
Schools near 5027 Buffalo Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Riverside Drive Charter Elementary School CharterK to 5 | ||
Louis D. Armstrong Middle School Charter6 to 8 | ||
Ulysses S. Grant Senior High School Public9 to 12 | ||
High Tech LA Middle Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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