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$ 5,895,000
$ 5,995,000 1.7%
Est. payment /mo
Sold on 12/11/2024
4453 W 138th Street Hawthorne, CA 90250
8 Beds
8 Baths
0.42 Acres Lot
UPDATED:
Key Details
Sold Price $5,895,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24175154
Sold Date 12/11/24
Bedrooms 8
HOA Y/N No
Lot Size 0.422 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
NEW PRICE! First time for sale since original construction in 1987! This one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its original construction. Spanning two contiguous lots, each with their own separate APNs, the property covers an impressive 18,392 square foot lot with 17,582 square feet of rentable space, divided among 20 well-designed units. The unit mix includes: sixteen 2-Bedroom/1.5-Bath units, and four 1-Bedroom/1-Bath units, each designed to maximize space and tenant comfort. Residents benefit from a host of amenities including gated private entry, door entry intercom system, covered parking, dishwashers and stoves provided by the owner, an onsite laundry facility (one per building), and fire sprinkler system, enhancing the living experience and tenant retention rates. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unmatched convenience and accessibility, making it highly attractive to potential renters. Currently priced at 5.32% CAP Rate and 13GRM based on current rental rates, investors will find significant value-add potential in rental income driven by the propertys prime location and robust amenities. This is an ideal opportunity for an investor seeking a substantial, well-maintained property with strong growth prospects in a competitive rental market.
NEW PRICE! First time for sale since original construction in 1987! This one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its original construction. Spanning two contiguous lots, each with their own separate APNs, the property covers an impressive 18,392 square foot lot with 17,582 square feet of rentable space, divided among 20 well-designed units. The unit mix includes: sixteen 2-Bedroom/1.5-Bath units, and four 1-Bedroom/1-Bath units, each designed to maximize space and tenant comfort. Residents benefit from a host of amenities including gated private entry, door entry intercom system, covered parking, dishwashers and stoves provided by the owner, an onsite laundry facility (one per building), and fire sprinkler system, enhancing the living experience and tenant retention rates. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unmatched convenience and accessibility, making it highly attractive to potential renters. Currently priced at 5.32% CAP Rate and 13GRM based on current rental rates, investors will find significant value-add potential in rental income driven by the propertys prime location and robust amenities. This is an ideal opportunity for an investor seeking a substantial, well-maintained property with strong growth prospects in a competitive rental market.
NEW PRICE! First time for sale since original construction in 1987! This one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its original construction. Spanning two contiguous lots, each with their own separate APNs, the property covers an impressive 18,392 square foot lot with 17,582 square feet of rentable space, divided among 20 well-designed units. The unit mix includes: sixteen 2-Bedroom/1.5-Bath units, and four 1-Bedroom/1-Bath units, each designed to maximize space and tenant comfort. Residents benefit from a host of amenities including gated private entry, door entry intercom system, covered parking, dishwashers and stoves provided by the owner, an onsite laundry facility (one per building), and fire sprinkler system, enhancing the living experience and tenant retention rates. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unmatched convenience and accessibility, making it highly attractive to potential renters. Currently priced at 5.32% CAP Rate and 13GRM based on current rental rates, investors will find significant value-add potential in rental income driven by the propertys prime location and robust amenities. This is an ideal opportunity for an investor seeking a substantial, well-maintained property with strong growth prospects in a competitive rental market.
Location
State CA
County Los Angeles
Area Hawthorne (90250)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $216
Acceptable Financing Cash
Space Rent $2,295
Listing Terms Cash
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Elena Moric • Century 21 Union Realty
Bought with Elena Moric • Century 21 Union Realty
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