Listed by John Katnik with BRC Advisors- BH

11529 York Avenue

Hawthorne, CA, 90250

$1,400,000

$231 per ft²
$1,400,000
$231 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
11 Beds
baths
10 Baths
carpenters-square
6,050 ft²
property_type
Multi-family
calendar
Built 1963
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.
MLS® ID:
23251901
Listed:
3/16/23
Updated:
3/31/23
The Hobin Company - Bayside Real Estate

Interior Features

Total Bedrooms
11
Total Bathrooms
10
Cooling
None

Exterior/Building Features

Lot Size
7,000 ft² lot

Other Property Details

Area Name
108 - North Hawthorne
Garage
No
Parking
Carport
Parking Total
6.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
HAR3YY
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
3/21/23
Active Under Contract
-
-

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/31/23. 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.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/31/23 at 2:52 AM UTC

The Hobin Company - Bayside Real Estate
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