8919 Columbus Ave
North Hills, CA 91343
Columbus Plaza 4 Multi-Family Buildings · Multifamily Property For Sale

Spectrum Commercial Real Estate, Inc. is pleased to present the opportunity to acquire a 68 unit value add multifamily portfolio comprising four multi-tenant apartment properties located at 8919–8955 Columbus Avenue in North Hills, California. Each property is separately identified by its own Assessor’s Parcel Number (APN), providing investors with the opportunity to acquire meaningful scale through a single transaction while maintaining the operational flexibility associated with separately situated assets. The portfolio is predominantly comprised of two bedroom units and offers multiple avenues to enhance value through unit renovations, operational improvements, and strategic repositioning.
The properties benefit from their location within the San Fernando Valley, providing residents with convenient access to major employment centers, transportation corridors, retail amenities, dining, and neighborhood services. The portfolio’s concentrated infill location and four-property configuration provide an investor with an opportunity to establish a meaningful presence within the North Hills rental market while pursuing a cohesive investment strategy across the portfolio.
The value-add strategy is centered on capturing rental upside and improving overall asset performance through targeted capital improvements and professional management. Depending on the existing condition of each property and unit, an incoming owner has the opportunity to renovate select interiors, enhance common areas and building systems, improve curb appeal, and implement more efficient property operations. These initiatives, together with market-driven rent growth and disciplined expense management, could provide multiple avenues for increasing net operating income and enhancing long-term asset value.
The offering is well suited for an investor seeking a value-add multifamily acquisition with immediate scale and identifiable upside in an established Los Angeles submarket. With 68 units across four apartment properties, the portfolio provides the opportunity to execute a coordinated value-add strategy while benefiting from the underlying demand characteristics of the North Hills rental market.