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5027 Buffalo Avenue
Sherman Oaks, CA 91423
Sold
5027 Buffalo Avenue
Sherman Oaks, CA 91423
Sold
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.
PROPERTY INFORMATION
| MLS # | 23259913 | Lot Size | 11,632 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 4,000,000
Price Per SqFt: $ 313 |
DOM | 750 Days |
| Address | 5027 Buffalo Avenue | Type | Residential Income |
| City | Sherman Oaks | Sq.Ft. | 12,792 Sq. Ft. |
| Postal Code | 91423 | Garage | N/A |
| County | Los Angeles | Year Built | 1961 |
| Bed / Bath | 26 / 0 | Parking | 12 |
| Built In | 1961 | Status | Closed |
| Sold Date | 2023-10-02 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Fireplace | Yes |
| Fireplace Information | Den, Dining Room, Gas, Kitchen, Living Room, Primary Bedroom |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Disposal, Microwave, Refrigerator, Gas Range, Oven |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 58 (Somewhat Walkable)
Transit Score: 38 (Some Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,267
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/13/2023 | Listed | $4,360,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Sevak Keshishian, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
