8938 Columbus Ave, North Hills, CA 91343

$2,940,000
20
BD
12
BA
9,480
SqFt
Sold Price
$2,940,000
List Price
$3,000,000
Closing Date
Sep 28, 2023
MLS#
23-255451
Status
SOLD
Type
Multifamily
Bedrooms
20
Bathrooms
12
Living Area
9,480

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.

Additional Information

Year Built
1959
Garage
Uncovered

Mortgage Calculator

Amount of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of KW Advisors, Kelly Morgan. Selling Office: .

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