NOT LISTED FOR SALE

5920 Buffalo Ave van Nuys, CA 91401

Estimated Value: $1,081,115 - $1,940,000

8 Beds
6 Baths
2,160 Sq Ft
$632/Sq Ft Est. Value

Last Sold June 06, 2024

Last sale price $2,255,000 $1,044 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $8,111/month

5 Days on Market

Highlights

  • Shed
  • Ulysses S. Grant Senior High School Rated A-
  • 1-Story Property

About This Home

As of June 2024

Incredible investment opportunity, two triplex buildings with separate APN's, ( 5920 Buffalo, [units 5920, 5922, 5924] #1 triplex APN: 2343-001-021 & 5926 Buffalo, [units 5926, 5928, 5930] #2 triplex APN: 2343-001-020 ) each triplex 2 one bedroom and 1 two bedroom. Shared garages, shared long driveway with some outdoor parking. Each unit has a small outdoor sitting area by their front door. Close to the Orange Line and in a central Valley location. Invest in these adorable units. Buyer is to do their own Due Diligence.

Last Agent to Sell the Property

Joan Montalbano

Ramsey-Shilling Assoc License #01825939 Listed on: 05/01/2024

Co-Listed By

Marilynn Bradbury

Ramsey-Shilling Assoc License #01243989

Last Buyer's Agent

Felix Fooks

Rodeo Realty License #01919417

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,545

Year Built

  • Built in 1954

Lot Details

  • 0.32

Parking

  • 6 Parking Spaces

Home Design

  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • 1-Story Property
  • Shed
  • 14,112 Sq Ft Lot

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2343-001-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,545

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Entry Floor: 1
  • Lot Acreage: 0.1619
  • Probate: No
  • Stories: 1
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00

Exterior Features

  • Other Structures: Other, Shed(s)

Garage/Parking

  • Garage Structures: 4
  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 37.50
  • Assessed Improvement Value: 340872
  • Assessed Land Percent: 62.5
  • Assessed Land Value: 568126
  • Total Assessed Value: 908998
  • Assessor Parcel Number: 2343-001-021
  • Lot Size Area: 14112

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 3.00
  • Number Of Units: 6
  • Type Of Units: Multi-family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
May 30, 2024
Sold by
Ross-Myles Family Trust and Myles Claudia
Bought by
Alizadeh Roozbeh Toorani and Zavareh Maryam
Seller's Agent
Joan Montalbano
Ramsey-Shilling Assoc
Buyer's Agent
Felix Fooks
Rodeo Realty
List Price
$2,398,000
Sold Price
$2,255,000
Premium/Discount to List
-$143,000
-5.96%
Views
4
Current Estimated Value
$1,365,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$889,221
Avg. Annual Appreciation
-30.28%
Original Mortgage
$845,625
Outstanding Balance
$835,140
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$530,639

Purchase Details

Closed on
Feb 23, 2018
Sold by
Ross Kenneth W
Bought by
Ross Kenneth W and The Ross Myles Family Trust

Purchase Details

Closed on
Oct 6, 2007
Sold by
Ross Kenneth W
Bought by
Ross Kenneth W and Kenneth W Ross Living Trust Of 2006

Purchase Details

Closed on
Jul 17, 2007
Sold by
Freedland Steve C
Bought by
Ross Kenneth William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2003
Sold by
Gourji Sassoon
Bought by
Freedland Steve C and Freedland Susan Dymott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 1998
Sold by
Gourji Hana
Bought by
Gourji Sassoon and Gourji Hana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
7.12%

Purchase Details

Closed on
Aug 7, 1998
Sold by
Silverman Jay J
Bought by
Gourji Hana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
7.12%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alizadeh Roozbeh Toorani $1,127,500 Old Republic Title Company
Ross Kenneth W -- None Available
Ross Kenneth W -- None Available
Ross Kenneth William $720,000 North American Title Co
Freedland Steve C $415,000 First American Title Co
Gourji Sassoon -- --
Gourji Hana $179,500 Benefit Land Title Company
Gourji Hana $179,500 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alizadeh Roozbeh Toorani $845,625
Previous Owner Ross Kenneth William $500,000
Previous Owner Freedland Steve C $268,000
Previous Owner Gourji Hana $143,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2024 06/06/24 Sold $2,255,000 -6.0% $1,044 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $2,398,000 -- $1,110 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,545 $1,150,050 $460,020 $690,030
2024 $11,545 $927,177 $579,488 $347,689
2023 $11,324 $908,998 $568,126 $340,872
2022 $10,802 $891,176 $556,987 $334,189
2021 $10,667 $873,703 $546,066 $327,637
2019 $10,351 $847,790 $529,870 $317,920
2018 $10,216 $831,168 $519,481 $311,687
2016 $9,761 $798,895 $499,310 $299,585
2015 $9,619 $786,895 $491,810 $295,085
2014 $9,665 $771,482 $482,177 $289,305
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Joan Montalbano

    Ramsey-Shilling Assoc

    (323) 851-5512

    2 in this area

    11 Total Sales

    Joan Montalbano
    Section Image
  • Marilynn Bradbury

    Seller Co-Listing Agent in 2024

    Marilynn Bradbury

    Ramsey-Shilling Assoc

    (818) 489-8565

    2 in this area

    19 Total Sales

    Marilynn Bradbury
    Section Image
  • Felix Fooks

    Buyer's Agent in 2024

    Felix Fooks

    Rodeo Realty

    (818) 383-5527

    1 in this area

    27 Total Sales

    Felix Fooks
    Section Image

  • G

    Buyer Co-Listing Agent in 2024

    Gina Georgiadis

    Rodeo Realty

See All Agents

Map

Source: The MLS

MLS Number: 24-387071

The MLS

APN: 2343-001-021

California Los Angeles County Van Nuys 91401

5920 Buffalo Ave, Van Nuys, CA

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