NOT LISTED FOR SALE

6009 Buffalo Ave Unit 3 Los Angeles, CA 91401

22 Beds
12 Baths
6,016 Sq Ft
0.5 Acres

Last Sold May 21, 2020

Last sale price $2,900,000 $482 Per Sq Ft

Highlights

  • 0.5 Acre Lot
  • Community Pool
  • Laundry Room
  • Ulysses S. Grant Senior High School Rated A-

About This Home

As of May 2020

Reduced!!! A true Pride Of Ownership unique investment opportunity with potential for development of townhomes/small lot subdivision. The subject property is located one block from the Oxnard/Woodman Orange Line and is in a quiet residential neighborhood surrounded by single family homes with tree-lined streets and lush landscaping throughout. This eight(8) unit apartment building is to be sold along with the property next door at 6019 Buffalo Avenue thereby making this a total of a 12 unit garden style apartment community with a rare development component on 2 separate parcels of land. The current improvements, built in 1955 and 1959 respectively, feature 12 apartment homes all with fireplaces and private patios and an exceptional unit composition of Eight (8) 1 Bedroom – 1 Bathroom and Four (4) 2 Bedroom – 1.5 Bathroom units. 6009 Buffalo Avenue has an APN of 2320-028-015 and 6019 Buffalo Avenue has an APN of 2330-028-014. Unique one-of-kind property, swimming pool, laundry facilities, individual hot water heaters in each unit. Combined lot size is approximately 30,483 square feet. Call Listing Agent for details.

Last Agent to Sell the Property

Michael Tootikian

No Firm Affiliation License #00802699 Listed on: 12/27/2019

Co-Listed By

Rich Johns

KW Commercial Studio City License #01432215

Last Buyer's Agent

Justin White

Justin White License #01267826

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.5 Acre Lot
  • No Common Walls
  • 2330028014

Home Design

  • 6,016 Sq Ft Home

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Fence Around Pool
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 20378
  • Assessor Parcel Number 2330028015

Community Details

Overview

  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $73,107
  • Gross Income $182,364
  • Net Operating Income $105,610

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2330028015
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 482.05

Exterior Features

  • Pool Features: Community, Fenced
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 2330028014
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21955.00
  • Lot Size Acres: 0.5040

Multi Family

  • Gross Income: 182364.00
  • Gross Scheduled Income: 182364.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 21955.0000 Square Feet
  • Net Operating Income: 105610.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Operating Expense: 73107.00
  • Rent Control: Yes
  • Total Expenses: 73107.00

Tax Info

  • Tax Census Tract: 1236.02
  • Tax Lot: 2
  • Tax Tract Number: 20378

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2020 05/21/20 Sold $2,900,000 -7.9% $482 / Sq Ft
03/11/2020 03/11/20 Price Changed $3,150,000 -10.0% $524 / Sq Ft
03/03/2020 03/03/20 For Sale $3,500,000 +20.7% $582 / Sq Ft
02/28/2020 02/28/20 Off Market $2,900,000 -- --
12/27/2019 12/27/19 For Sale $3,500,000 -- $582 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19286070

California Regional Multiple Listing Service (CRMLS)