Pending
11966 Oxford AVE
HAWTHORNE CA, 90250
$1,895,000
$300.13 per sqft
Pending
13 Beds
8 Baths
6,314 sqft
Multi-family
Built in 1962
We are pleased to exclusively offer for sale this meticulously maintained 7 unit multi-family property in the city of Hawthorne. This investment property features a comprehensive array of layouts including one 3-Bedroom/2-Bath, four 2-Bedroom/1-Bath, and two 1-Bedroom/1-Bath units, spread across a well-utilized 8,741 square foot lot, with a total of 6,314 square feet of rental space. Each unit is separately metered for electricity and gas, enhancing cost efficiency and ease of management. Tenants benefit from the convenience of onsite car-port parking and a communal laundry facility. Significant updates have been made to the infrastructure, including updated copper plumbing and a new sewer line, ensuring reduced maintenance concerns for the new owner. Located in a community with strong rental demand, this property not only offers stable cash flow but also boasts a 40% potential upside in rental income, as all units are due for their annual rent increase that a new investor can implement immediately. Additionally, attractive Private Seller Financing is available with the following terms: 25% down payment, 6.5% interest-only payments, due and payable in 7 years. 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. Overall this is an outstanding investment opportunity for both seasoned and new investors seeking to maximize returns and long-term capital growth.
CV24173175MR
MLSⓇ ID
August 21, 2024
Listed
September 13, 2024
Updated
Map
11966 Oxford AVE
HAWTHORNE CA, 90250
Interior Features
Total Stories
2
Bedrooms
13
Total Bathrooms
8
Laundry Description
Community, Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.2 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Ramona/Burleigh
Days on Market
6
Garage
No
Parking Total
7
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
HAR3YY
Listing History
Date | Event | Price |
---|---|---|
9/10/2024 | Pending | — |
Listed by Kristopher German with RE/MAX 2000 REALTY
Listing Contact: 626-427-0786
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024