Huge 600k Price Reduction! Newer 28 units with 33 parking spaces built in 1974 & Renovated in 2024 cash flowing at an amazing Current Cap Rate of 6.5% from day 1! Preliminary plans to add 15 ADUs to achieve an incredible 9.2% Cap Rate, 8.2 GRM, and only 235k/unit after… Read More taking into account all the construction costs (~1.3M assuming $250/SF). The preliminary plans call for 7 attached ADUs in the garage/storage area + 8 detached ADUs over the pool area while still maintaining ~25 parking spaces for the residents. Excellent unit mix consisting of 4 (2bed/1bath) units and 24 (1bed/1bath) units. Majority of the units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool, on-site laundry facilities, secured entry, and ~34 covered parking spaces for convenience. Huge almost ~20,000 SF lot for future development potential. Located in the heart of Hawthorne just minutes away from the Beach, Tesla Design Center, SpaceX, Starlink, Northrop Grumman, LAX, Intuit Dome, SoFi Stadium and more. Read Less
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
37
Last Updated
Property Type
Other
Beds
30
Square Ft.
18,310
Lot Size
0.44 Acres
Year Built
1974
MLS Number
25586299
30 Days Snapshot Of 90250
$1.01M
+33%
(avg) sold price
6
+200%
homes sold
122
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave, Ceiling Fan, Range/Oven, Refrigerator
Building
18,310 sq ft, Built in 1974, Levels: Three Or More
Cooling
Ceiling Fan
Disclosures
None
Garage
Carport Attached
Heating
Wall
Lot
LotAcreage: 0.4408, LotSizeArea: 19,201
Parking
TotalParking: 34
Property
NumberOfUnits: 28, Zoning: HAR4*
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