13930 Hawthorne Way, Hawthorne, California 90250
- $1,950,000
- $1,950,000
Overview
- Apartment, Residential Income
- 6448 Sqft
- 1986
Description
We are pleased to exclusively offer for sale this “turn-key” 7 unit investment property located in the city of Hawthorne. The subject property, being offered for sale by the original builder, epitomizes pride of ownership and craftsmanship. Constructed in 1986 and well-maintained over time, the building features 6, 448 square feet of rental space on a 6, 113 square foot lot, showcasing a mix of one 2-Bedroom/1.5-Bath unit and six 1-Bedroom/1-Bath units. Throughout its history, the property has seen numerous interior updates enhancing its appeal and functionality. Tenants benefit from a variety of amenities including gated private entry, covered onsite parking, a fully equipped laundry facility, and the convenience of dishwashers and stoves provided by the owner. Most notably, there exists a significant 20% upside in rental income, providing a lucrative opportunity for investors to increase revenue and capitalize on the property’s full potential in a high-demand area. (Five of the seven units are eligible for their annual rent increase, which a new buyer can implement immediately.) Strategically 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. Additionally, an attractive private-seller financing package is available with the following terms: 25% down payment, 6.5% interest-only payments, due in 7 years.
Address
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Address: 13930 Hawthorne Way
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City: Hawthorne
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State/county: CA
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Zip/Postal Code: 90250
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Country: US
Details
Updated on September 20, 2024 at 10:10 pm-
Property ID CV24172294
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Price $1,950,000
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Property Size 6448 Sqft
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Land Area 0.1403 Acres
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Year Built 1986
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan, Owner May Carry
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Curbs, Gutter(s), Sidewalks
Mortgage Calculator
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