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8542 Columbus Avenue

North Hills, CA 91343
  • $9,780,000
  • STATUS: ACTIVE
  • ON SITE: 4 Days
  • ID#: TR22097059
New On Site 4 Days Ago
UPDATED: 60 min ago
$9,780,000
  • 3
    BEDS
  • 0.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present the opportunity to acquire a 42-unit value-add multifamily with (2) office space and spaces for potiential additional units, located in North Hills. Built in 1964, the subject proporty is located at one of the most desirable rental market in San Fernando Valley, and it offers an excellent unit mix comprised of (10) two-bedroom two bathroom units, (28) one bedroom one bathroom units, (4) studio one-bathroom unit and (2) office space. The building has been copper repiped. New water heater. A lot of exterior upgrades with stacked stone in the front. The property is not requeired Seismic Retrofit. Buyer to satisfy its own investigation. Additionally, there are spaces with possibility to add addional units, which it brings higher value to this property. We are pleased to present the opportunity to acquire a 42-unit value-add multifamily with (2) office space and spaces for potiential additional units, located in North Hills. Built in 1964, the subject proporty is located at one of the most desirable rental market in San Fernando Valley, and it offers an excellent unit mix comprised of (10) two-bedroom two bathroom units, (28) one bedroom one bathroom units, (4) studio one-bathroom unit and (2) office space. The building has been copper repiped. New water heater. A lot of exterior upgrades with stacked stone in the front. The property is not requeired Seismic Retrofit. Buyer to satisfy its own investigation. Additionally, there are spaces with possibility to add addional units, which it brings higher value to this property.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.lajollaagent.com/homes/128587312
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8542 Columbus Avenue North Hills, CA 91343

  • Price: $9,780,000
  • Status: ACTIVE
  • On Site: 4 Days
  • Updated: 60 min ago
  • ID#: TR22097059
3
Beds
0
Baths
0
½ Baths
0.84
Acres
Neighborhood:
North Hills (91343)
County:
Los Angeles
Area:
North Hills (91343)
Property Description
We are pleased to present the opportunity to acquire a 42-unit value-add multifamily with (2) office space and spaces for potiential additional units, located in North Hills. Built in 1964, the subject proporty is located at one of the most desirable rental market in San Fernando Valley, and it offers an excellent unit mix comprised of (10) two-bedroom two bathroom units, (28) one bedroom one bathroom units, (4) studio one-bathroom unit and (2) office space. The building has been copper repiped. New water heater. A lot of exterior upgrades with stacked stone in the front. The property is not requeired Seismic Retrofit. Buyer to satisfy its own investigation. Additionally, there are spaces with possibility to add addional units, which it brings higher value to this property. We are pleased to present the opportunity to acquire a 42-unit value-add multifamily with (2) office space and spaces for potiential additional units, located in North Hills. Built in 1964, the subject proporty is located at one of the most desirable rental market in San Fernando Valley, and it offers an excellent unit mix comprised of (10) two-bedroom two bathroom units, (28) one bedroom one bathroom units, (4) studio one-bathroom unit and (2) office space. The building has been copper repiped. New water heater. A lot of exterior upgrades with stacked stone in the front. The property is not requeired Seismic Retrofit. Buyer to satisfy its own investigation. Additionally, there are spaces with possibility to add addional units, which it brings higher value to this property.
Exterior Features

Parking Garage Desc Unit1 Assigned Pool Community/Common

Interior Features

Heat Equipment Radiant Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Actual Cap Rate 4.0 Annual Expense Actual 0 Buildings 1 Cfd Mello Roos Fee 4431.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 0 Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 0.0 Unit2 Rent Actual 0.0 Unit3 Rent Actual 0.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Macroreal Inv Grp Inc.. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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