Anthony Colla Sells Multifamily Property At 5917 Buffalo Avenue For $1.645M With LAAA Team

The property involved in this transaction is a 5-unit multifamily apartment building located at 5917 Buffalo Avenue in the Van Nuys market. The sale price was $1,645,000, with a price per unit of $329,000. The building comprises a total square footage of 6,240, translating to a price per square foot of $263.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,645,000
• Units: 5
• Price per Unit: $329,000
• Square Footage: 6,240
• Price per Square Foot: $263
• Seller: Anthony Colla
• Broker Representatives: Morgan Wetmore, Glen Scher, and Filip Niculete - LAAA Team - Marcus & Millichap
• Date of Transaction: 09/18/2025

The LAAA Team facilitated the sale, successfully generating strong local interest and attracting multiple competitive offers. They secured an all-cash buyer who closed on the deal in just 21 days. The process from listing to closing took 60 days, illustrating the current market dynamics as interest rates ease and investors re-engage with the market.