5938 Buffalo Ave Los Angeles, CA 91401
Valley Glen NeighborhoodEstimated payment $9,869/month
Highlights
- No HOA
- Ulysses S. Grant Senior High School Rated A-
- Bike Trail
About This Lot
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
Listing Agent
Century 21 Masters Brokerage Phone: 818-621-7732 License #01338387 Listed on: 01/14/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $12,080
Lot Details
- 8,491 Sq Ft Lot
- Density is up to 1 Unit/Acre
- Property is zoned LAC1
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 5949
- Assessor Parcel Number 2343001018
- $455 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $12,080 | $969,000 | $790,500 | $178,500 |
| 2023 | $11,849 | $950,000 | $775,000 | $175,000 |
| 2022 | $1,702 | $107,601 | $67,195 | $40,406 |
| 2021 | $1,673 | $105,492 | $65,878 | $39,614 |
| 2019 | $1,631 | $102,365 | $63,925 | $38,440 |
| 2018 | $1,566 | $100,359 | $62,672 | $37,687 |
| 2016 | $1,481 | $96,465 | $60,240 | $36,225 |
| 2015 | $1,464 | $95,017 | $59,336 | $35,681 |
| 2014 | $1,479 | $93,157 | $58,174 | $34,983 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Price Changed | $1,600,000 | -5.9% | -- |
| 01/14/2025 01/14/25 | For Sale | $1,700,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Accommodation/Courtesy Recordi | |
| Grant Deed | $950,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $825,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25008391
APN: 2343-001-018
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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