North Hills, CA 91343,8932 Columbus Ave
North Hills, CA 91343,8932 Columbus Ave
North Hills, CA 91343,8932 Columbus Ave
14
$2,940,000
$3,000,000
2.0%
Est.Price: ?

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20 BD
12 BA
9,480 SqFt

8932 Columbus Ave North Hills, CA 91343

Est. payment /mo
SOLD DATE : 09/28/2023

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Key Details

Sold Price $2,940,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 9,480 sqft

Price per Sqft $310

MLS Listing ID 23-255425

Sold Date 09/28/23

Bedrooms 20

Year Built 1959

Lot Size 0.365 Acres

Property Description

***Please contact us for an OM*** Address: 8932 & 8938 Columbus Ave. Two 6-unit buildings on two separate lots in North Hills. APNs: 2654-032-007 | 2654-032-027. This asset offers agreat opportunity for steady cash flow and long-term equity. With a13.23 GRM, a 4.3% in-place Cap Rate, and 45% upside potential, this property has a lot to offer. The upgraded exterior and two already upgraded units make it move-in ready, while the potential to turn 8 units over four years for a 19% IRR makes it a smart long-term investment.

Location

State CA

County Los Angeles

Area North Hills

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Equipment Other

Exterior

Parking Features Above Street Level

Garage Spaces 12.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by KW Advisors
Bought with KW Advisors

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Herman Singh

Broker

+1(310) 625-6175

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