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.
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Listing Snapshot
Price
$9,400,000
Days On Site
18 Days
Bedrooms
30
Inside Area (SqFt)
18,310 sqft
Total Baths
28
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.4408 Acres
Year Built
1974
MLS® Number
25559333
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
13 hours ago
Listing updated with changes from the MLS®
3 weeks ago
Listing first seen on site
General Features
Acres
0.4408
Attached Garage
Yes
Number Of Stories
3
Parking
AttachedAttached Carport
Parking Spaces
34
Special Circumstances
Standard
SqFt Total
18310
Stories
Three Or More
Zoning
HAR4*
Interior Features
Appliances
MicrowaveRefrigerator
Heating
Wall Furnace
Interior
Ceiling Fan(s)
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Community Features
MLS Area
110 - East Hawthorne
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