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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,050 sqft
Price per Sqft $223
MLS Listing ID 23251901
Sold Date 05/02/23
Bedrooms 11
HOA Y/N No
Year Built 1963
Lot Size 7,000 Sqft
Property Description
We are pleased to present this 5 unit apartment community located in the heart of Hawthorne. The offering consists of great unit mix of 2 bedroom and 3 bedroom units. In total, the buildings sit on a 7,000 sq ft lot and feature 6 parking spaces and on-site laundry. Offered at $231/sq ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 5.03 % Cap Rate & 12.83 GRM. There is rental upside potential to a 7.72% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM. The property is in close proximity to SoFi and LAX making it extremely attractive for renters.
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Zoning HAR3YY
Interior
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 6
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4047007010
Special Listing Condition Standard
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Bought with John Katnik • BRC Advisors- BH