Hawthorne, CA 90250,4029 W 136th Street

$1,405,000

$1,375,000

2.2%
Est.Price: ?

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Est. payment /mo

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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MLS Router / San Diego MLS
Listed by Kristopher German RE/MAX 2000 REALTY
Bought with Kristopher German RE/MAX 2000 REALTY
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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