4020 W 137th Street, Hawthorne, CA 90250

About this triplex

Welcome to 4020 W 137th St, Hawthorne, CA – a prime triplex investment on a huge 8,700 SF lot with plenty of value-add opportunities. The front home is a 3-bedroom 2-bath with a spacious living room, separate dining area, a large private yard, and an attached garage. The middle home is a 2-bedroom 1-bath with a large living room, a big kitchen, a dining area, and an attached garage. The back home is also a 2-bedroom 1-bath with a large private yard in the back. Investors may explore converting garages into an ADU or an attached ADU in the back yard (buyer to verify). The property currently generates $7,200/mo with 17% upside in rents, an actual GRM of 15.0 and a cap rate of 3.8%, with pro forma projections improving to a 12.8 GRM and 4.8% cap rate. Adding an ADU (buyer to verify) could unlock further potential, making it an outstanding long-term investment in a desirable rental neighborhood with low vacancy.

Listing description from the November 2024 sale, as reported to CRMLS.

Sale history

$1,299,000

Sold November 2024 · on market October 2024 · MLS #SB24206132 · Source: CRMLS

Listing Agent: Christopher Crosby · Listing Office: Buckingham Investments, Inc · Contact: 650-549-4849 · Bought with: Edith Saavedra · Casa Bella Realty Group

$1,140,000

Sold April 2021 · listed $1,135,000, orig. $1,199,000, on market March 2021 · MLS #IN21058999 · Source: CRMLS

Listing Agent: Anoop Garg · Listing Office: The Real Estate Consultants Westside Inc. · Contact: 562-889-4981 · Bought with: Hanna (Ania) Hammond · West Shores Realty, Inc.

$570,375

Sold November 2014 · listed $649,500, on market October 2014 · MLS #SB14214439 · Source: CRMLS

Listing Agent: Nicholas Wolf · Listing Office: N. Wolf Real Estate · Contact: 310-371-7300 · Bought with: Anoop Garg · The Real Estate Consult. Wstsd

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