$1,405,000
$1,375,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
SOLD DATE : 09/27/2024
Key Details
Sold Price $1,405,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24169317
Sold Date 09/27/24
Bedrooms 9
Property Description
We are pleased to exclusively offer for sale this 5 unit multi-family investment property in prime Hawthorne. The asset includes a charming cottage-style 3-Bedroom/1-Bath unit alongside four 2-bedroom/1-bath units, collectively offering 4,002 square feet of rental space situated on an 8,700 square foot lot. Each unit has been meticulously maintained, and several units have been re-piped with copper plumbing, including the front cottage. Tenants benefit greatly from convenient onsite amenities including garage parking and a laundry facility, which enhance the desirability of the property. Strategically located in close proximity to Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unparalleled access to major local attractions and transportation, making it highly appealing to potential renters. Significantly, there is a huge 27% upside potential in rental income, making this property an attractive option for investors seeking a stable asset with growth potential. (A buyer can take advantage of the fact that all units are scheduled for their annual rental increase.) Furthermore, this investment comes with an attractive private-seller financing option: 25% down payment, 6.5% interest-only payments, and a 7-year term.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East of I-405, South of I-105; Near the Intersection of Prairie Ave & W 136th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
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Bought with Kristopher German RE/MAX 2000 REALTY

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