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$2,940,000
$3,000,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
8938 Columbus AVE North Hills, CA 91343
20 Beds
12 Baths
9,480 SqFt
Key Details
Sold Price $2,940,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,480 sqft
Price per Sqft $310
MLS Listing ID 23255451
Sold Date 09/28/23
Bedrooms 20
HOA Y/N No
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 a13.52 GRM, a 4.15% in-place Cap Rate, and 47% 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 18% IRR makes it a smart long-term investment.
Location
State CA
County Los Angeles
Area Noh - North Hills
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2654032007
Special Listing Condition Standard
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Bought with Kelly Morgan • KW Advisors