Under contract
13930 Hawthorne WAY
HAWTHORNE CA, 90250
$1,950,000
$302.42 per sqft
Under contract
8 Beds
8 Baths
6,448 sqft
Multi-family
Built in 1986
We are pleased to exclusively offer for sale this "turn-key" 7 unit investment property located in the city of Hawthorne. The subject property, being offered for sale by the original builder, epitomizes pride of ownership and craftsmanship. Constructed in 1986 and well-maintained over time, the building features 6,448 square feet of rental space on a 6,113 square foot lot, showcasing a mix of one 2-Bedroom/1.5-Bath unit and six 1-Bedroom/1-Bath units. Throughout its history, the property has seen numerous interior updates enhancing its appeal and functionality. Tenants benefit from a variety of amenities including gated private entry, covered onsite parking, a fully equipped laundry facility, and the convenience of dishwashers and stoves provided by the owner. Most notably, there exists a significant 20% upside in rental income, providing a lucrative opportunity for investors to increase revenue and capitalize on the property s full potential in a high-demand area. (Five of the seven units are eligible for their annual rent increase, which a new buyer can implement immediately.) Strategically 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. Additionally, an attractive private-seller financing package is available with the following terms: 25% down payment, 6.5% interest-only payments, due in 7 years.
CV24172294MR
MLSⓇ ID
August 20, 2024
Listed
September 18, 2024
Updated
Map
13930 Hawthorne WAY
HAWTHORNE CA, 90250
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
8
Laundry Description
Community, Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Ramona/Burleigh
Days on Market
28
Garage
No
Parking Total
8
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
HAR3YY
Listing History
Date | Event | Price |
---|---|---|
8/26/2024 | Under contract | — |
Listed by Kristopher German with RE/MAX 2000 REALTY
Listing Contact: 626-427-0786
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/18/2024