Multifamily
5934 Buffalo Ave
5934 Buffalo Ave, Los Angeles, CA 91401
Listing Price: $3,900,000
Cap Rate
3.56%
Number of Units
15
GRM
14.63
Price/Unit
$260,000
Price/Gross SF
$254.39
Gross SF
15,331
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 5934 Buffalo Avenue, a 15-unit investment opportunity located in the Van Nuys neighborhood of the San Fernando Valley.
5934 Buffalo Ave
Investment Highlights
- Composed of (11) 2-Bed/2-Bath Units and (4) 1-Bed/1-Bath Units.
- Soft-Story Seismic Retrofit has Been Completed!
- Value-Add Opportunity with Approximately 71% in Rental Upside!
- 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 (Gas and/or Electricity).
- On-Site Laundry & Parking for Tenants.
Exclusively Listed By
Financing By
Listing Price: $3,900,000
Cap Rate
3.56%
Number of Units
15
GRM
14.63
Price/Unit
$260,000
Price/Gross SF
$254.39
Gross SF
15,331
Investment Highlights
- Composed of (11) 2-Bed/2-Bath Units and (4) 1-Bed/1-Bath Units.
- Soft-Story Seismic Retrofit has Been Completed!
- Value-Add Opportunity with Approximately 71% in Rental Upside!
- 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 (Gas and/or Electricity).
- On-Site Laundry & Parking for Tenants.
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 5934 Buffalo Avenue, a 15-unit investment opportunity located in the Van Nuys neighborhood of the San Fernando Valley.
Exclusively Listed By
Financing By
