8932 Columbus Avenue, North Hills, CA 91343

About this property

***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.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$2,940,000

Sold September 2023 · listed $3,000,000, on market March 2023 · MLS #23255425 · Source: CRMLS

Listing Agent: Kelly Morgan · Listing Office: Houze Real Estate Management · Contact: 323-852-1372 · Bought with: Kelly Morgan · KW Advisors

$1,852,200

Sold November 2015 · listed $1,900,000, on market August 2015 · MLS #15928913 · Source: CRMLS

Listing Agent: Kelly Morgan · Listing Office: Houze Real Estate Management · Contact: 323-852-1372 · Bought with: Kelly Morgan · KW Advisors

$1,620,000

Sold October 2013 · listed $1,650,000, on market May 2013 · MLS #13676203 · Source: CRMLS

Listing Agent: Earle Hyman · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Earle Hyman · Marcus & Millichap

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