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Key Details
Sold Price $3,055,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 10,335 sqft
Price per Sqft $295
MLS Listing ID CRSB24002889
Sold Date 03/08/24
HOA Y/N No
Year Built 1960
Lot Size 0.292 Acres
Acres 0.29
Property Description
The subject property is a two story 11 unit apartment building built in 1961. It is located west of Hawthorne Blvd , one block north of El Segundo Boulevard, one block from Eucalyptus Elementary school and Park. The unit mix consists of ten 2 bedroom 1.5 bath townhome style floor plans, and a one 3 bedroom 2 bath unit. There are 11 carports with parking and storage for each unit. The laundry room provides additional income and all washers and dryers are included as they are owned by the seller. The building is 100% occupied and all rents were just increased and went into effect as of January 1, 2024. Tenants pay gas and electric for their individual units. There is still another 20%-25% or more upside in rents on most units which can be achieved over time since Hawthorne does not have its own rent control ordinance. A new roof was installed in 2023 and the electrical service was upgraded as well in 2023. This is an excellent turn key investment with significant upside.
Location
State CA
County Los Angeles
Area Listing
Zoning HAR3
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 4041019042
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with StephenLampe
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122