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Listing 20 out of 80
Sold for $1,705,000 Sold

4029 W 142nd Street
Hawthorne, CA 90250

6 units | Multi Family Home
8703 sq ft lot - MLS# SB19021023
Property Photo


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.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,650,000
  • Zip Code: 90250
  • Year Built: 1964
  • Stories: Two
  • Units: 6 units
  • # of Parking Spaces: 8.00
  • Lot Size: 8703 sq ft lot
  • Zoning: HAR3YY
  • Area: 109 - Ramona/Burleigh
  • Appliances: Gas Oven, Gas Cooktop
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 6401.00
  • Building Area Units: Square Feet
  • Carport Spaces: 6.00
  • Co-Listing Agent License: 00962565
  • Co-Listing Office License: 00976287
  • Co-Selling Agent License: 00962565
  • Co-Selling Office License: 00976287
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
  • Construction Materials: Stucco
  • Country: US
  • Directions: North of Rosecrans, West of Prairie Avenue
  • Flooring: Laminate, Tile
  • Garage Spaces: 2.00
  • Gross Income: 125880.00
  • Gross Operating Income: 122104.00
  • Gross Scheduled Income: 125880.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Insurance Expense: 2560.00
  • Interior Features: Ceramic Counters
  • Laundry Features: Inside, See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 00634672
  • Listing Office License: 00976287
  • Lot Features: Landscaped, Level
  • Lot Size Area: 8705.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 77200.00
  • New Taxes Expense: 21700.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number With Range: 6
  • Operating Expense: 44904.00
  • Other Expense: 13091.00
  • Other Expense Description: Operatng
  • Parking Features: Detached Carport, Garage - Two Door
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Roof: Composition
  • Selling Agent: Michael McKinney
  • Selling Agent License: 00634672
  • Selling Office: Cbre Inc.
  • Selling Office License: 00976287
  • Sewer: Public Sewer
  • Total Expenses: 44904.00
  • Walk Score: 81
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 1705000.00
  • Sold Date: 2019-03-22
Courtesy of Cbre Inc., Michael McKinney


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