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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.

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

Multifamily

5934 Buffalo Ave

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

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