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Key Details
Sold Price $930,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24169374
Year Built 1941
Lot Size 8,698 Sqft
Property Description
We are pleased to offer for sale these 2 Cottage Style units on one lot for sale in prime Hawthorne. The property includes a 2-bedroom/1-bath unit (to be delivered vacant at the close of escrow) and a larger 3-bedroom/2-bath unit, which cleverly was divided into a 2-bedroom/1-bath residence upstairs and a 1-bedroom/1-bath "in-law" quarters downstairs, maximizing its rental potential.
Spanning 2,086 square feet of rental space on a generous 8,701 square foot lot, these homes are complemented by individual laundry hookups, adding to tenant convenience and appeal. The property boasts updated plumbing, ensuring reduced maintenance costs and increased reliability.
Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, this property not only offers great accessibility to major attractions but also stands to benefit from a significant 25% potential upside in rental income (A buyer can take advantage of the fact that all units are scheduled for their annual rental increase.). This presents an exceptional opportunity to capitalize on a well-maintained property with strong income growth potential.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Zoning HAR1YY
Interior
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Mohammad Ali • Eagles Mortgage Company Inc.