Overview

Property ID: SB24038244

Apartment, Residential Income
Property Type

3843 Sqft
Area Size

1948
Year Built

Description

Major price revision & updated lending packages! 5 unit apartment building in Hawthorne. Surging rental pocket commanding top rents. In Proximity To SpaceX, Major Local/National Employers, Common Space and Los Angeles Ale Works, & Several New and Exciting Commercial Development Projects. The property layout is (1) 2 bed/1 bath front attached house, (3) 1 bed/1 bath units, and (1) 2 bed/1 bath unit. 4 of 5 units have been nicely rehabbed. Newer roof and master water heater. Copper plumbing throughout. Upgraded electrical panels, new exterior lighting and seismic shut-off valves. Dedicated carport parking for each unit & laundry room. Strong day 1 cash flow with additional rental upside: 5.30% Cap Rate, 6.02% Proforma. Well located just east of Prairie between Jack Northrop Avenue & West El Segundo Boulevard. Access to the 105 and 405 Freeways.

Address

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Address: 12606 Doty Avenue
City: Hawthorne
State/county: CA
Zip/Postal Code: 90250
Country: US

Details

Updated on December 5, 2024 at 5:28 am

Property ID SB24038244
Price $1,350,000
Property Size 3843 Sqft
Land Area 0.155 Acres
Year Built 1948
Property Type Apartment, Residential Income
Property Status Closed

Additional details

Listing Terms Cash, Cash to New Loan
Sewer Public Sewer
County Los Angeles
Property Type Residential Income
Pool None
Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks, Urban