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Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22249985
Sold Date 01/15/23
HOA Y/N No
Year Built 1965
Lot Size 8,712 Sqft
Property Description
Amazing potential in this triplex in a great area of Hawthorne! Front unit is a detached, split-level, 3 Bed/2.5 bath home with private front yard, about 1580 SF. Behind it is a one-level duplex with both units being 2 bed 1.5 bath, 971 SF. 5 car garage is in the back. ** Please note, the property is a FIXER and will require all cash, or cash to private financing.
DEVELOPERS! This is also for sale as land, since the city says up to FOUR units can be built on site! City says at least one ADU can be built while still keeping the triplex, and NO garages are required since this property is so close to so much mass transit. Therefore, the entire 5 car garage can be converted into living space or maybe 2 ADUs (Buyer to verify with city).
- Each unit has built in laundry.
- The entire property will be delivered vacant at the close of escrow.
- Tenants pay for separately metered electric & gas. Individual water heaters; owners pay for water.
- Top location, close access to LAX, 405 & 105 freeways, giving easy commute access.
- Close to Westside, South Bay and Eastside communities. close proximity to SoFi stadium, Kia Forum, SpaceX, shopping and transportation.
- Low density street.
- Seller has all the inspection reports (general, sewer, termite) available to any buyer.
- Quick drive to major entertainment and dining centers in Manhattan, Hermosa, and Redondo Beach
- All units will be delivered VACANT at close of escrow, allowing market rents, currently approximately $8900 for all 3 units!
- NOTE: all the financial information is based on the property being fully remodeled and part of the 5 car garage becomes an ADU; so 4 units total. GSI will be at least $9,950 per month including the new ADU. Full proformas are available for both options: (1) a remodeled triplex and 5 car garage, without an ADU, and (2) Remodeled triplex and a 3 car garage and an ADU.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Zoning HAR1YY
Interior
Heating Central
Cooling None
Fireplace No
Laundry Inside, Laundry Room
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs
Total Parking Spaces 5
Private Pool No
Building
Lot Description Level, Street Level, Value In Land, Yard
Story 2
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4045015007
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
Lease Land No
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Bought with Casundra Renteria • Casundra Renteria