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Listing 3 out of 80
Sold for $1,190,000 Sold

4384 W 136th Street
Hawthorne, CA 90250

5 units | Multi Family Home
8716 sq ft lot - MLS# SB19030623
Property Photo

Sold

Sold for $1,190,000 on May 8, 2019

Description

Very clean & well maintained property on a large lot in Hawthorne. The lot is 8,715 square feet & zoned R3 which allows up to 8 units for a new development. The property is improved with a 2 bed 1 bath house in front that was built in 1940. A 4 unit apartment building with all 2 bed 1 bath units was added in 1958. The area between the buildings has a nonconforming bachelor unit that has one room and bathroom with sink, toilet, shower (no kitchen). There is a unit that is being offered at $1,695 which was recently upgraded with a new granite counter top, sink, new kitchen cabinets & new laminate wood flooring. The remaining units have not been upgraded, but the rents are significantly below market rent rates. Each unit has its own water heater & each tenant pay for the gas to heat the water & the electric utilities inside their unit. The owner recently spent approximately $8,500 on new windows, & approximately $12,000 on new stucco and paint to the exterior. The property has pitched roofs, a nice yard area in front, & 5 covered parking spaces at the rear of the property. The property is situated on a quiet tree lined street in the City of Hawthorne which has NO RENT CONTROL. It is 1/2 block to Hawthorne Blvd and the Metro Bus line. Walking distance to Ramona Elementary School, El Camino Job Training Center, College Medical Center, Dentist Offices, places of worship and several restaurants.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $1,250,000
  • Zip Code: 90250
  • Year Built: 1940
  • Stories: Two
  • Units: 5 units
  • Lot Size: 8716 sq ft lot
  • Zoning: HAR3YY
  • Area: 109 - Ramona/Burleigh
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4048.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.22
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks
  • Country: US
  • Directions: Just east of Hawthorne on 136th St
  • Electric Expense: 480.00
  • Gardener Expense: 600.00
  • Gross Income: 6860.00
  • Gross Multiplier: 15.18
  • Gross Operating Income: 80387.00
  • Gross Scheduled Income: 82320.00
  • Insurance Expense: 1850.00
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01164364
  • Listing Office License: 01508014
  • Lot Features: Level with Street, Rectangular Lot, Near Public Transit
  • Lot Size Area: 8715.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 3500.00
  • Net Operating Income: 52712.00
  • New Taxes Expense: 15125.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 27675.00
  • Other Income Description: Bachelor Unit
  • Other Income1: 500.00
  • Property Attached YN: Yes
  • Selling Agent: Alya Lucas
  • Selling Agent License: 01721029
  • Selling Office: Realty Works, Inc.
  • Selling Office License: 01858494
  • Sewer: Public Sewer
  • Total Actual Rent: 6360.00
  • Total Expenses: 27675.00
  • Trash Expense: 1620.00
  • Water Sewer Expense: 3000.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 1190000.00
  • Sold Date: 2019-05-08
Courtesy of Re/Max Commercial & Investment, Stephen Lampe

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