5027 BUFFALO AVE

SHERMAN OAKS, CA, 91423

$4,800,000

$375 per ft²
$4,800,000
$375 per ft²
Active
Active
 - For Sale
beds
26 Beds
baths
22 Baths
carpenters-square
12,792 ft²
property_type
Multi-family
calendar
Built 1961
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.
MLS® ID:
22-165083
Listed:
6/6/22
Updated:
10/5/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Kitchen Appliances
Gas/Electric Range, Oven
Total Bedrooms
26
Total Bathrooms
22
Laundry Description
Community, In Unit
Fireplace
Den, Dining, Gas, Kitchen, Living Room, Master Bedroom
Cooling
Air Conditioning, Wall Unit(s)
Heating
Wall Gas

Exterior/Building Features

Lot Size
0.27 acres lot
Exterior Features
None
Sewer
In Street

Other Property Details

Garage
No
Parking
Driveway
Parking Total
12.0
View
N
County
Los Angeles
Water Source
District
Pool
No
Total Stories
2
Zoning
LAR3

 

Courtesy of Sevak Keshishian, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/5/22

Coldwell Banker Realty
Barry Dantagnan
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