Huge 1M Price Reduction! Newer 28 units with 33 parking spaces built in 1974 & Renovated in 2024 cash flowing at an amazing Current Cap Rate of 6.75% from day 1! Preliminary plans to add 15 ADUs to achieve an incredible 9.5% Cap Rate, 8 GRM, and only 227k/unit after taking into account all the construction costs (~1.3M assuming $250/SF). The preliminary plans call for 7 attached ADUs in the garage/storage area + 8 detached ADUs over the pool area while still maintaining ~25 parking spaces for the residents. Excellent unit mix consisting of 4 (2bed/1bath) units and 24 (1bed/1bath) units. Majority of the units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool, on-site laundry facilities, secured entry, and 33 covered parking spaces for convenience. Huge almost ~20,000 SF lot for future development potential. Located in the heart of Hawthorne just minutes away from the Beach, Tesla Design Center, SpaceX, Starlink, Northrop Grumman, LAX, Intuit Dome, SoFi Stadium and more.
The income description goes here to explain
| List Price | $8,450,000 |
| Property Type | Multi-Family |
| Usable Sqft | 18,310 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1974 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4052029051 |
| MLS # | 25618347 |
| Property ID | 322349837 |
| Lot Sqft | 19,201 |
| Zoning | HAR4* |
| Total Units | 28 |
| Days on Market | 38 |
| Original List Price | $8,800,000 |
| Date Updated | December 17, 2025 |
| Date Created | November 12, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #2 | 2 | 1.00 | $2,745 | $2,745 |
| Unit #3 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #4 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #5 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #6 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #7 | 2 | 1.00 | $2,745 | $2,745 |
| Unit #8 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #9 | 2 | 1.00 | $2,745 | $2,745 |
| Unit #10 | 2 | 1.00 | $2,745 | $2,745 |
| Unit #11 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #12 | 1 | 1.00 | $2,200 | $2,200 |
| Unit #13 | 1 | 1.00 | $2,200 | $2,200 |
| Gross Income (Yr) | $ 763,964 |
| Operating Expenses | $ 193,979 |
| Net Income (Yr) | $ 569,985 |
| Cap Rate | 6.75% |
Armin Soleimani an agent of Global Platinum Properties, Inc.. Lic #01846872
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT