Multifamily
5917 Buffalo Avenue
5917 Buffalo Ave, Van Nuys, CA 91401
Listing Price: $1,700,000
Investment Overview
Marcus & Millichap is pleased to present 5917 Buffalo Avenue, a five-unit multifamily property located in a quiet, central pocket of Van Nuys. With large unit sizes, over $219,000 in documented capital improvements, and a fully occupied rent roll with upside potential, the offering presents a compelling opportunity for yield-focused investors seeking a low-maintenance asset in a supply-constrained infill location. The property is zoned LAR3, fully density compliant, and not subject to seismic retrofit requirements.
Built in 1964, the building consists of four two-bedroom, two-bath units and one oversized three-bedroom, two-and-a-half-bath unit, averaging 1,248 square feet. The three-bedroom unit totals 1,650 square feet, features a private patio, and is currently leased at market rent. Unit #3 is a townhouse layout with in-unit washer and dryer, while Unit #4 includes a dedicated office and private patio—enhancing overall tenant appeal.
Since 2018, ownership has invested heavily in the asset, including new copper plumbing, full electrical replacement, HVAC upgrades, waste line and stack replacement, a new hot water heater (2025), and a new roof. Three units (Units 2, 4, and 5) have been fully renovated with modern kitchens, updated baths, new flooring, and contemporary finishes. Deferred maintenance exposure is minimal.
The building is subject to the Los Angeles Rent Stabilization Ordinance (RSO), with strong in-place rents and approximately 8.5 percent rental upside through natural turnover. With oversized layouts, upgraded interiors, and a quiet residential setting surrounded by amenities, the property performs well within rent control constraints and supports long-term tenant retention.
Buffalo Avenue is situated just east of Woodman Avenue and north of Oxnard Street, offering convenient access to the 101 and 405 freeways, the Van Nuys Metrolink Station, and a dense cluster of employment centers including Valley Presbyterian Hospital, Anheuser-Busch, and the Van Nuys Civic Center. Retail and dining along Burbank and Victory Boulevards further enhance tenant appeal.
5917 Buffalo Avenue offers investors a clean, stabilized asset with operational upside and long-term income durability in one of the San Fernando Valley’s most accessible and employment-rich neighborhoods.
5917 Buffalo Avenue
Investment Highlights
- Fully Occupied Stabilized Asset The oversized 3-bedroom unit (1,650 SF) with private patio is now leased—delivering full occupancy and immediate income.
- Over $219,000 in Capital Improvements Extensive upgrades include copper plumbing, new electrical, roof, water heater, and full remodels of Units 2, 4, and 5 including kitchens, baths, and flooring.
- Large Floorplans Averaging 1,248 SF All units are 2BR or larger, with layouts significantly above average size for the area—supporting long-term tenant retention and demand.
- Modernized Infrastructure Plumbing, electrical, and HVAC systems have been upgraded, including a new hot water heater and waste line replacements—minimizing deferred maintenance.
- No Seismic Retrofit Required The property is not subject to Los Angeles soft-story retrofit mandates—reducing future capex exposure and compliance risk.
- Strong In-Place Income with Upside Stabilized rent roll with approximately 8.5% rental upside achievable through natural turnover and continued interior enhancements.
- Attractive Infill Location in Van Nuys Close to 101/405 freeways, Van Nuys Metrolink Station, Valley Presbyterian Hospital, and major retail/dining corridors.
Exclusively Listed By
Financing By
Listing Price: $1,700,000
Investment Highlights
- Fully Occupied Stabilized Asset The oversized 3-bedroom unit (1,650 SF) with private patio is now leased—delivering full occupancy and immediate income.
- Over $219,000 in Capital Improvements Extensive upgrades include copper plumbing, new electrical, roof, water heater, and full remodels of Units 2, 4, and 5 including kitchens, baths, and flooring.
- Large Floorplans Averaging 1,248 SF All units are 2BR or larger, with layouts significantly above average size for the area—supporting long-term tenant retention and demand.
- Modernized Infrastructure Plumbing, electrical, and HVAC systems have been upgraded, including a new hot water heater and waste line replacements—minimizing deferred maintenance.
- No Seismic Retrofit Required The property is not subject to Los Angeles soft-story retrofit mandates—reducing future capex exposure and compliance risk.
- Strong In-Place Income with Upside Stabilized rent roll with approximately 8.5% rental upside achievable through natural turnover and continued interior enhancements.
- Attractive Infill Location in Van Nuys Close to 101/405 freeways, Van Nuys Metrolink Station, Valley Presbyterian Hospital, and major retail/dining corridors.
Investment Overview
Marcus & Millichap is pleased to present 5917 Buffalo Avenue, a five-unit multifamily property located in a quiet, central pocket of Van Nuys. With large unit sizes, over $219,000 in documented capital improvements, and a fully occupied rent roll with upside potential, the offering presents a compelling opportunity for yield-focused investors seeking a low-maintenance asset in a supply-constrained infill location. The property is zoned LAR3, fully density compliant, and not subject to seismic retrofit requirements. Built in 1964, the building consists of four two-bedroom, two-bath units and one oversized three-bedroom, two-and-a-half-bath unit, averaging 1,248 square feet. The three-bedroom unit totals 1,650 square feet, features a private patio, and is currently leased at market rent. Unit #3 is a townhouse layout with in-unit washer and dryer, while Unit #4 includes a dedicated office and private patio—enhancing overall tenant appeal. Since 2018, ownership has invested heavily in the asset, including new copper plumbing, full electrical replacement, HVAC upgrades, waste line and stack replacement, a new hot water heater (2025), and a new roof. Three units (Units 2, 4, and 5) have been fully renovated with modern kitchens, updated baths, new flooring, and contemporary finishes. Deferred maintenance exposure is minimal. The building is subject to the Los Angeles Rent Stabilization Ordinance (RSO), with strong in-place rents and approximately 8.5 percent rental upside through natural turnover. With oversized layouts, upgraded interiors, and a quiet residential setting surrounded by amenities, the property performs well within rent control constraints and supports long-term tenant retention. Buffalo Avenue is situated just east of Woodman Avenue and north of Oxnard Street, offering convenient access to the 101 and 405 freeways, the Van Nuys Metrolink Station, and a dense cluster of employment centers including Valley Presbyterian Hospital, Anheuser-Busch, and the Van Nuys Civic Center. Retail and dining along Burbank and Victory Boulevards further enhance tenant appeal. 5917 Buffalo Avenue offers investors a clean, stabilized asset with operational upside and long-term income durability in one of the San Fernando Valley’s most accessible and employment-rich neighborhoods.
Exclusively Listed By
Financing By
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