Hawthorne, CA 90250,11966 Oxford Avenue

$1,887,000

$1,895,000

0.4%
Est.Price: ?

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Est. payment /mo

9 Beds


SOLD DATE : 09/19/2024

Key Details

Sold Price $1,887,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24173175

Sold Date 09/19/24

Bedrooms 9

Property Description

We are pleased to exclusively offer for sale this meticulously maintained 7 unit multi-family property in the city of Hawthorne. This investment property features a comprehensive array of layouts including one 3-Bedroom/2-Bath, four 2-Bedroom/1-Bath, and two 1-Bedroom/1-Bath units, spread across a well-utilized 8,741 square foot lot, with a total of 6,314 square feet of rental space. Each unit is separately metered for electricity and gas, enhancing cost efficiency and ease of management. Tenants benefit from the convenience of onsite car-port parking and a communal laundry facility. Significant updates have been made to the infrastructure, including updated copper plumbing and a new sewer line, ensuring reduced maintenance concerns for the new owner. Located in a community with strong rental demand, this property not only offers stable cash flow but also boasts a 40% potential upside in rental income, as all units are due for their annual rent increase that a new investor can implement immediately. Additionally, attractive Private Seller Financing is available with the following terms: 25% down payment, 6.5% interest-only payments, due and payable in 7 years. Located in close proximity to Manhattan Beach, Sofi Stadium, and LAX Airport, this property is ideally situated to attract and retain high-quality tenants who appreciate the blend of residential comfort and accessibility to major attractions and transportation hubs. Overall this is an outstanding investment opportunity for both seasoned and new investors seeking to maximize returns and long-term capital growth.

Location

State CA

County Los Angeles

Zoning Assessor

Direction East of I-405, South of I-105; Near the Intersection of W 120th St & Oxford Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

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MLS Router / San Diego MLS
Listed by Kristopher German RE/MAX 2000 REALTY
Bought with Rick Applebaum Morgan Skenderian
Gary Bradley

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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