Property
Beds
30
Full Baths
None
1/2 Baths
None
Year Built
1974
Sq.Footage
18,310
Newer 28 units built in 1974 & Renovated in 2024 cash flowing at an amazing Current Cap Rate of 6% from day 1! Preliminary plans to add 15 ADUs to achieve an incredible 11.1% Cap Rate, 5.3 GRM, and only 249k/unit after taking into account all the construction costs (~1.3M assuming $250/SF). The preliminary plans call for 7 attached ADUs in the garage/storage area + 8 detached ADUs over the pool area while still maintaining ~20 parking spaces for the residents. Excellent unit mix consisting of 4 (2bed/1bath) units and 24 (1bed/1bath) units. Majority of the units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool, on-site laundry facilities, secured entry, and ~34 covered parking spaces for convenience. Huge almost ~20,000 SF lot for future development potential. Located in the heart of Hawthorne just minutes away from the Beach, Tesla Design Center, SpaceX, Starlink, Northrop Grumman, LAX, Intuit Dome, SoFi Stadium and more.
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s)
-
Total Bedrooms
30
Area & Lot
-
Lot Size(acres)
0.4408
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Attached, Attached Carport
Financial
-
Sales Price
$9,400,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Armin Soleimani , Global Platinum Properties, Inc.
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