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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,211 sqft
Price per Sqft $287
MLS Listing ID 22214313
Sold Date 01/06/23
Bedrooms 11
HOA Y/N No
Year Built 1962
Lot Size 6,560 Sqft
Property Description
Seller Carry Financing Available | Highly Desirable Hawthorne Location - West of Prairie Avenue & South of 120th Street | Approximately 34% in Rental Upside - 6.69% Pro-Forma Cap Rate & 11.07 Pro-Forma GRM | 4.49% Current CAP Rate & 14.81 Current GRM | Main Sewer Line Replaced in 2014 & Building Hot Water Heater Replaced in 2018 | Approximately 1 Mile from SpaceX & Tesla Design Center and 2.5 Miles from SoFi Stadium & Upcoming Intuit Dome (NBA Clippers Arena) | Outstanding Unit Mix of (One) 3-Bedroom/2-Bathroom + Den Owner's Unit & (Four) 2-Bedroom/1-Bathroom Units | Three-Bedroom Owner's Unit with Fireplace & Washer/Dryer Hook-Ups | No Local Rent Control - Defaults to AB 1482 | Three-Bedroom Unit Fully Renovated (2018) with All New Windows, HVAC Unit (A/C), Electrical, Cabinets, Countertops, Kitchen Appliances, Bathrooms, Vinyl Flooring & Recessed CAM Lighting | Copper Plumbing, On-Site Laundry Facility & Total of 10 Parking Spaces (Tandem) | Strong Neighboring Employment: Space X, Tesla, & Aerospace Defense Companies
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Zoning HAR3YY
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Covered
Total Parking Spaces 10
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4046023013
Special Listing Condition Standard
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Bought with Jonathan Nikfarjam • Shield CRE, Inc.