Nestled in a residential pocket of Hawthorne, this large 7-unit apartment property presents an exceptional investment for a seasoned owner or exchange buyer. Offering a strong unit mix, the building features80s construction, (6) 2-bedroom/1-bath units and (1) spacious 3-bedroom/2-bath townhome-style unit. The property boasts 15 total parking spaces, including 1 garage and 12 carport spaces, along with shared laundry facilities. With a 3.94% CAP rate and 14.46 GRM, the building generates strong current income, while a 47% rental upside offers significant long-term potential with a 7.04% market CAP and 9.83 market GRM. Strategically located across the street from SpaceX, the property benefits from a prime location with easy access to major employers, retail, and dining.
The income description goes here to explain
List Price | $1,995,000 |
Property Type | Flex Space |
Usable Sqft | Unknown |
Number of Stories | 1 stories |
Parking Spots | 1 spots |
Year Built | 1987 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 4049003053 |
MLS # | SB25035540 |
Property ID | 293226569 |
Lot Sqft | 6,752 |
Zoning | HAR3YY |
Total Units | 7 |
Days on Market | 36 |
Original List Price | $1,995,000 |
Date Updated | February 18, 2025 |
Date Created | February 17, 2025 |
Financials not available online. Please inquire with your agent for more details.
Brett Lyon an agent of Lyon Stahl Investment Real Est. Lic #01717818
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT