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Key Details
Sold Price $1,870,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23082846
Sold Date 06/27/23
HOA Y/N No
Year Built 1962
Lot Size 8,698 Sqft
Property Description
Here is a great opportunity to own a 7895 sqft 7 unit apartment building in a prime West of Prairie location in Hawthorne. Fully rented with 2 three bedroom units and 5 two bedroom units and 7 covered off street parking spaces. The property has been professionally managed for years and is due for the next rent increase under AB 1472. At just $241/sqft and a low 14.9 GRM there is lots of potential for future cash flow with the rent increases and/or making building improvements too. Income and expense info taken from the 2022 year end management report.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Zoning HAR3YY
Interior
Heating Electric
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Carport
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Curbs, Sidewalks
Parking Type Carport
Total Parking Spaces 7
Private Pool No
Building
Lot Description Level, Rectangular Lot
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4045027024
Energy Description 1884.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Trust
Lease Land No
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Bought with Ronald Werner • Vista Sotheby’s International Realty
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