Discover this spacious 7,292 SF 6-unit apartment building located in the heart of Hawthorne. Featuring a strong unit mix of (2) 3-bed/2-bath units and (4) 2-bed/1-bath units, this property offers a compelling investment opportunity. One front 3-bed/2-bath unit is currently vacant, presenting immediate value-add potential or an excellent opportunity for an owner-user. With a 4.80% CAP rate and 23% rental upside, the property is priced competitively at $325,000 per unit and $267.42 per square foot. Additional amenities include (6) carport spaces and shared laundry facilities. Ideally situated just off Hawthorne Blvd, the building is two blocks from Hawthorne Middle School, near Leuzinger High School, and offers convenient access to nearby retail and restaurants along Hawthorne and Inglewood Blvd.
The income description goes here to explain
List Price | $1,950,000 |
Property Type | Flex Space |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 0 spots |
Year Built | 1962 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 4045006009 |
MLS # | PW25025534 |
Property ID | 293229187 |
Lot Sqft | 8,713 |
Zoning | HAR3YY |
Total Units | 6 |
Days on Market | 51 |
Original List Price | $1,950,000 |
Date Updated | February 25, 2025 |
Date Created | February 04, 2025 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $151,200 | $0 |
Net Income (Yr) | $ 93,521 |
Cap Rate | 4.8% |
Woody Stahl an agent of Lyon Stahl Investment Real Estate, Inc.. Lic #01399621
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT