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$ 1,895,000
Est. payment | /mo
8,742 Sqft Lot
$ 1,895,000
Est. payment | /mo
8,742 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26118308
HOA Y/N No
Year Built 1962
Lot Size 8,742 Sqft
Property Sub-Type Apartment
Property Description
This 7-unit multifamily property located in Hawthorne presents a compelling value-add investment opportunity in a supply-constrained South Bay rental market. Built in 1962 and encompassing 6,314 square feet of rentable space on an 8,741 square foot lot, the asset features a well-balanced unit mix of (2) one-bedroom/one-bath units, (4) twobedroom/one-bath units, and (1) three-bedroom/two-bath unit.
The property benefits from 7 covered carport parking spaces and an on-site laundry facility that generates additional income. Significant infrastructure improvements have already been completed, including updated copper plumbing, newer sewer line, and upgraded electrical panels, reducing near-term capital exposure and providing a strong foundation for future renovation efforts.
With approximately 44% rental upside, the asset offers investors the ability to enhance cash flow through interior upgrades and strategic lease repositioning. This is an attractive opportunity to acquire a well-located multifamily asset with existing operational stability and substantial upside potential through value-add execution.
The property benefits from 7 covered carport parking spaces and an on-site laundry facility that generates additional income. Significant infrastructure improvements have already been completed, including updated copper plumbing, newer sewer line, and upgraded electrical panels, reducing near-term capital exposure and providing a strong foundation for future renovation efforts.
With approximately 44% rental upside, the asset offers investors the ability to enhance cash flow through interior upgrades and strategic lease repositioning. This is an attractive opportunity to acquire a well-located multifamily asset with existing operational stability and substantial upside potential through value-add execution.
Location
State CA
County Los Angeles
Area 107 - Holly Glen/Del Aire
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 7
Pool None
Community Features Biking, Curbs, Park, Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4047023004
Energy Description 2961.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Rick Applebaum Morgan Skenderian rma@morganskenderian.com, DRE #01273871
Nearby Locations
Chakits Krulsawat
Buyer and Sales Specialist | RE. Lic# S.0168764
+1(702) 319-1092 | chakits.k@gmail.com