Keller Williams Hollywood Hills - Josana Joseph
1/10
Listed By: Century 21 Peak, Scott Pinkerton
Local Realty Services Provided By: Keller Williams Realty Studio City
Overview
What It'll Cost
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$1,700,000
5938 Buffalo Avenue, Sherman Oaks, CA 91401
.19 ac
$1,700,000

5938 Buffalo Avenue, Sherman Oaks, CA 91401

Estimation provided by Keller Williams Realty Inc.
.19 ac
Active
For Sale

Property Description

Fantastic location to build an entitled 5 story on grade apartment project consisting of a total of 22 units (18 apartments and 4 ADUs and including 2 very low income units) in Sherman Oaks. The entitled site currently has a 2,040 sq.ft. industrial/light manufacturing building on it with a month to month tenant. The plans consist of 6 one bedroom/one bath units, 10 one bedroom plus den/two bath units, 2 two bedroom plus den/2 bath units and 4 ADUS which can be made into three bedroom/2.5 bath units, and 150 square feet of commercial space. The project parks 8 stalls.

* .189 acres; 8,519.6 sq.ft.

* Project is a TOC3 entitled project located directly adjacent to the Orange Line Metro station

* Project is located directly across the street from the Studio City DASH (which drops off at Valley College)

* Project is located less than a half a mile from Valley College

* Project is located adjacent to a market, bakery, pizza, dry cleaners and other neighborhood services

Property Details

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Overview
Property Type
Land
Days on Site
71 Days
Parking
No
Josana J at Keller Williams Hollywood Hills
Keller Williams Hollywood Hills
DRE # 02222551

Activity History

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Data provided by Keller Williams Realty, Inc.
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Purchase Price: $1,700,000
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Price & Tax History

Date
Event
Price
01/14/2025
Listed
$1,700,000
(+78.95%)
$8,722,422/ac
08/24/2022
Sold
$950,000
$4,874,295/ac
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$11,849
(+596.05%)
$950,000
Land 775,000 + Additions 175,000
2022
$1,702
(+1.78%)
$105,492
Land 65,878 + Additions 39,614
2021
$1,673
(+2.54%)
$105,492
Land 65,878 + Additions 39,614
2019
$1,631
(+6.23%)
$104,411
Land 65,203 + Additions 39,208
2017
$1,536
$100,359
Land 62,672 + Additions 37,687
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Josana J at Keller Williams Hollywood Hills
Keller Williams Hollywood Hills
DRE # 02222551

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