Columbus Apartments | 8633 Columbus Ave
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Columbus Apartments 8633 Columbus Ave
34 Unit Apartment Building $8,147,144 CAD ($239,622 CAD/Unit) 5.06% Cap Rate North Hills, CA 91343
Investment Highlights
- Strong Rental Demand Location
- Maximizing Return thru Condo Conversation Process
- Seismic Retrofitting Completed
- Condo Map Property
- 33% Upside on Rent
- New Roof Completed in 2023; New Painting in 2024
Executive Summary
We are pleased to present the opportunity to acquire a 34-unit value-add multifamily, located in North Hills. Built in 1974, 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 (12) two-bedroom units and (22) one bedroom units. All units are individual Parcels except two legalized units. The two legalized units are combined into one of the parcel. Buyer to satisfy its own investigation. The ownership has completed the seismic retrofitting. The roof is replaced in 2023. Currently it was painted in fresh.
Property Facts
| Price | $8,147,144 CAD | Property Subtype | Apartment |
| Price Per Unit | $239,622 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.06% | Lot Size | 0.84 AC |
| Sale Conditions | 1031 Exchange | Building Size | 33,802 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 100% |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Price | $8,147,144 CAD |
| Price Per Unit | $239,622 CAD |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10 |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 33,802 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | $2,458 CAD | 654 |
| 2+1 | 3 | $2,880 CAD | 752 |
| 2+1.5 | 3 | $3,224 CAD | 949 |
| 2+2 | 6 | $3,020 CAD | 775 |
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Walk Score ®
Very Walkable (71)
zoning
| Zoning Code | R3P-1, Los Angeles |
| R3P-1, Los Angeles |
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Grady Liu -
Jared Leung
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Martin Ding
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MacroReal Commercial
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Columbus Apartments | 8633 Columbus Ave
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