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 

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 9/18/2024

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