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4055 W 129th St
For Sale $5,558,888
$5,558,888
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 17,405 Sq Ft
Description
Introducing The Crest Apartments, a 25-unit community at 4055 W. 129th Street in the heart of Hawthorne, offered for the first time by the original families who developed it in 1966. The property is attractively priced at a 5.58% cap rate, 10.58 GRM, and $222,356 per unit and features (3) studios, (20) one-bedroom/one-bath units, and (2) two-bedroom/one-bath units (including one non-conforming).
On-site amenities include landlord-owned laundry machines, a central courtyard with a pool, gated parking for 29 vehicles, secured entry, and a security camera system. The building is master-metered, with the potential to implement a RUBS (Ratio Utility Billing System) to allocate utility costs to tenants based on unit size or occupancy, providing additional income growth. Subject to statewide rent control under AB 1482, all eligible units received rent increases (5% + CPI) in October 2025. Additional improvements include a major drain line replacement in 2022 (195 ft.), supply line replacements as needed, significant roof updates in 2010, and completion of SB 721 balcony inspections and required repairs (final sign-off pending).
Situated west of Prairie Avenue, the property is centrally located near Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major freeway access. The Crest Apartments offers a well-maintained, stable investment with strong fundamentals and clear upside potential in one of the South Bay’s most dynamic rental markets. Reach out to the Listing Agents for the Offering Memorandum.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,558,888 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 2 spots |
| Year Built | 1966 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 4045023034 |
| MLS # | SB25272005 |
| Property ID | 294286723 |
| Lot Sqft | 17,405 |
| Zoning | Unknown |
| Total Units | 25 |
| Days on Market | 19 |
| Original List Price | $5,558,888 |
| Date Updated | December 12, 2025 |
| Date Created | December 01, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $43,499 | $0 |
| Net Income (Yr) | $ 310,418 |
| Cap Rate | 5.58% |
Listing Provided By
Robert Sillman an agent of Lyon Stahl Investment Real Estate, Inc.. Lic #02145409
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 12, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Showing Agent
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Robert Crawford
REAL ESTATE AGENT