Sold

11529 York Avenue

Hawthorne CA, 90250

$1,350,000


$223.14 per sqft

Sold

11 Beds

10 Baths

6,050 sqft

Residential

Built in 1963

Listed by John Katnik with BRC Advisors- BH

We are pleased to present this 5 unit apartment community located in the heart of Hawthorne. The offering consists of great unit mix of 2 bedroom and 3 bedroom units. In total, the buildings sit on a 7,000 sq ft lot and feature 6 parking spaces and on-site laundry. Offered at $231/sq ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 5.03 % Cap Rate & 12.83 GRM. There is rental upside potential to a 7.72% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM. The property is in close proximity to SoFi and LAX making it extremely attractive for renters.

23251901

MLS ID

March 17, 2023

Listed

March 23, 2024

Updated

Map

11529 York Avenue
Hawthorne CA, 90250

Interior Features

Total Stories

2


Bedrooms

11 Beds


Bathrooms

10 Baths


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.16 Acres

Other Property Details

Area Name

108 - North Hawthorne


Days on Market

3


Garage

No


Parking

Carport


Parking Total

6


View

No


County

Los Angeles


Pool

No


Zoning

HAR3YY


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2023

Sold

$1,350,000

5/2/2023

Price Change

$1,350,000

-4%

5/2/2023

Unknown

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:21 AM UTC

 

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