5934 Buffalo Ave | Van Nuys, CA 91401
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- LoopNet Team
5934 Buffalo Ave
Van Nuys, CA 91401
Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- Composed of (11) 2-Bed/2-Bath Units and (4) 1-Bed/1-Bath Units.
- Value-Add Opportunity with Approximately 71% in Rental Upside!
- On-Site Laundry & Parking for Tenants.
- Soft-Story Seismic Retrofit has Been Completed!
- City of Los Angeles Allows for 7% Rent Increases Beginning Feb. 1, 2024. Landlord Can Add an Additional 1% per Utility Paid by the Landlord
- Large 22,486-Square Foot Lot.
PROPERTY FACTS
| No. Units | 15 | Building Size | 15,331 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Lot Size | 0.52 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.52 AC |
| Building Size | 15,331 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | LARD1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 750 |
| 2+2 | 11 | - | 1,090 |
PROPERTY TAXES
| Parcel Number | 2343-001-043 | Improvements Assessment | $2,080,800 |
| Land Assessment | $1,456,560 | Total Assessment | $3,537,360 |
PROPERTY TAXES
Parcel Number
2343-001-043
Land Assessment
$1,456,560
Improvements Assessment
$2,080,800
Total Assessment
$3,537,360
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