4359 W 136th Street, Hawthorne, CA 90250
Property · 2 recorded sales since 2014
Sold September 2016
Listing Agent: William Mulkey (DRE #00986020) · Listing Office: TR Wealth Management Inc. · Contact: 310-316-1274 · Bought with: David Solomon · The Agency · MLS #SB16118875 · Source: CRMLS
About this property
This subject offering is a fantastic opportunity to own a two story, wood frame and stucco, 6-unit apartment complex in the City of Hawthorne, California. Property includes individual meters, coin laundry and carport parking. Located 1 block from Hawthorne Blvd and conveniently located near shopping centers, medical, and dental offices. Hawthorne is enjoying a large boost in apartment demand due to the nearby employment centers in the surrounding beach cities of Manhattan, Hermosa and Redondo. Also within proximity to Torrance, Gardena, and Lawndale which offers very desirable schools & employment opportunities such as Boeing, Space-X, and other Aerospace facilities. The property includes a large ground-floor 3 bedroom/2 bathroom, owner’s unit, along with 5 2 bedroom/1 bathroom units with new paint, counter tops, and considerably nice upgrades. Rents average for the 2 bedrooms at $1350, creating the upside potential in rents by completing further upgrades. Ultimately raising rents to $1450-$1500 creating even more cash flow.The property is in better than average condition and should be able to lend a 70%-75% loan to a qualified investor at or below a 4% interest rate. Principal reduction & tax benefit are another reason to own this for the long term.
Listing description from the September 2016 sale, as reported to CRMLS.
Sale history
