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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,791 sqft
Price per Sqft $281
MLS Listing ID 24444365
Bedrooms 8
Year Built 1962
Lot Size 6,385 Sqft
Property Description
We are proud to present this 5-unit apartment in the South Bay city of Hawthorne! Consisting of 5 massive units just east of Hawthorne Blvd and south of Imperial Hwy, this property offers a unique opportunity to acquire the perfect property for a first-time investor or seasoned professional! The property has been in the same family for over 50 years, making this a rare value-add investment with true upside. The offering features a total of 5 apartment units consisting of 4,791 total building square feet on a 6,388 square foot lot. The unit mix comprises of three large 1-bedroom/1-bathroom (about 750-825 sq ft each), one 2-bedroom/1.5-bathroom unit (864 sq ft) and one 3-bedroom/2-bathroom owner's unit (1,336 sq ft) with private washer/dryer and fireplace! Two upstairs units enjoy private balconies!In the back of the property, there are 5 single carport spaces along with ample street parking as the area consists of mainly single-family homes and smaller multifamily properties. Electricity and gas are individually metered for each unit keeping utility costs relatively low. There is a common area laundry room on-site for tenants to enjoy. Hawthorne does not have local rent control, making this property subject to AB-1482 allowing healthy rent increases for the future owner. The property is in a central location close to SpaceX, Tesla, SoFi Stadium and the Intuit Dome. The location also provides easy access to the 105 and 405 freeways. Do not miss your opportunity to own in this highly desirable South Bay city!
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Zoning HAR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type Living Room
Laundry Common Area
Exterior
Parking Features Detached Carport
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
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Bought with Josh Cohen • Keller Williams South Bay