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$1,800,000
Est. payment /mo
11 Beds
10 Baths
6,240 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $288
MLS Listing ID 25569427
Bedrooms 11
HOA Y/N No
Year Built 1964
Lot Size 7,405 Sqft
Lot Dimensions Assessor
Property Description
We are pleased to present 5917 Buffalo Avenue, a five-unit multifamily property located in a quiet, central pocket of Van Nuys, California. With large unit sizes, and a stable rent roll with rental upside, 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 averaging1,248 square feet. The three-bedroom unit totals 1,650 square feet, includes a private patio, and will be delivered vacant at close of escrow providing immediate opportunity to capture market rent. 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. 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 south 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 hubs. Drive by only. Please do not disturb the tenants. Contact listing agent for further questions.
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Zoning LARD1.5
Interior
Fireplaces Type Kitchen
Fireplace Yes
Exterior
Parking Features Carport
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2343001048
Special Listing Condition Standard
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Listed by Filip Niculete Marcus & Millichap