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8932 Columbus Ave North Hills, CA 91343
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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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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with KW Advisors