Sold for $1,705,000 on Mar 22, 2019
Call for Offers: Due Monday 2/11/2019. CBRE is proud to present the 142nd Street Apartments. This six-unit property, constructed in 1964, has a diverse unit mix consisting of two, three-bedroom/two bath units, two, two-bedroom/two-bath units, one, two-bedroom/one-bath unit, and one, one-bedroom/one-bath unit. The front three-bedroom unit contains approximately 1,645 square feet, features a den, a fireplace in the main room, and forced-air heating. The remaining five units have gas wall heaters. All the units have washer and dryer hookups. (No common area laundry room) Parking consists of a two-car garage and six carport spaces for a total of eight parking spaces. Utilities are separately metered for gas and electric and water/sewer is master metered. The property features a hip/composition shake roof with rain gutters. The property was under long-term ownership and rents are approximately 10%+ under market level. No rent control in Hawthorne. Conveniently located nearby Space X, Amazon's Ring, LAX & Manhattan Beach. In summary, the high demand for rental housing, continuing economic growth in the South Bay, and high cost of home ownership all support strong investment fundamentals and future rent growth for the 142nd Street Apartments.
DON'T MISS A NEW LISTING AGAIN!
FREE AUTOMATED EMAIL UPDATES