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8542 Columbus Avenue

North Hills, CA 91343
  • $9,780,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: TR22097059
UPDATED: 28 min ago
$9,780,000
  • 0
    BEDS
  • 0.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Listing Agent(s): Grady Liu of Macroreal Inv Grp Inc. (626-898-5868) and Hao Ding of Macroreal Inv Grp Inc.(626-898-5868)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128526832
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8542 Columbus Avenue North Hills, CA 91343

  • Price: $9,780,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 28 min ago
  • ID#: TR22097059
0
Beds
0
Baths
0
½ Baths
0.84
Acres
1970
Built
Neighborhood:
NOH - North Hills
County:
Los Angeles
Area:
NOH - North Hills
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.
Exterior Features

Lot Features Garden Number Of Separate Electric Meters 43 Parking Features Assigned Parking Total 0 Pool Features CommunityFenced Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Heating Radiant Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4 Common Interest None Community Features ValleyPool Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 391649 New Construction YN No Number Of Separate Gas Meters 43 Number Of Separate Water Meters 1 Operating Expense 0 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Grady Liu of Macroreal Inv Grp Inc. (626-898-5868) and Hao Ding of Macroreal Inv Grp Inc.(626-898-5868)