Hawthorne, CA 90250,12545 Eucalyptus Avenue
$3,055,000
Est. payment /mo
$3,000,000
1.8%
Est.Price: ?

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10,335 SqFt
SOLD DATE : 03/08/2024

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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Bridge MLS
Listed by Julie Lockwood • Re/Max Estate Properties
Bought with StephenLampe

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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