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Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21256162
Sold Date 04/11/22
Bedrooms 5
HOA Y/N No
Lot Size 6,401 Sqft
Property Description
Perfect starter two-on-a-lot in Hawthorne close to El Camino College, Hawthorne Airport, SpaceX, and Sofi Stadium. 32% upside to income on inplace rents. Separate free standing 2-car garage with plumbing and electrical that could be easily converted to an ADU. GRM on market rents of 13.7X, 10.7X after ADU conversion. Rear unit recently remodeled. Dense rental market with low vacancy.
Perfect starter two-on-a-lot in Hawthorne close to El Camino College, Hawthorne Airport, SpaceX, and Sofi Stadium. 32% upside to income on inplace rents. Separate free standing 2-car garage with plumbing and electrical that could be easily converted to an ADU. GRM on market rents of 13.7X, 10.7X after ADU conversion. Rear unit recently remodeled. Dense rental market with low vacancy.
Location
State CA
County Los Angeles
Area Hawthorne (90250)
Zoning Public Rec
Building
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash, Conventional
Space Rent $2,715
Listing Terms Cash, Conventional
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with NON LISTED AGENT • San Diego