13930 Hawthorne Way, Hawthorne, CA 90250
Property
Sold September 2024
Listing Agent: Kristopher German (DRE #01800021) · Listing Office: RE/MAX 2000 REALTY · Contact: 909-645-0443 · Bought with: Samir Rai · Keystone Realty Group · MLS #CV24172294 · Source: CRMLS
About this property
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.
Listing description from the September 2024 sale, as reported to CRMLS.
Sale history