$2,940,000
$3,000,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
20 Beds
12 Baths
9,480 SqFt
SOLD DATE : 09/28/2023
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 23255425
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 a13.23 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 Noh - North Hills
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Driveway Down Slope From Street
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2654032027
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Kelly Morgan • KW Advisors