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(310)918-5027
Real Estate Company
12545 Eucalyptus Avenue, Hawthorne, CA 90250
- $3,055,000
- Sold Price
- $3,055,000
- List Price
- $3,000,000
- Closing Date
- Mar 08, 2024
- Status
- CLOSED
- MLS#
- SB24002889
- Year Built
- 1960
- Lot Size
- 12,707
- Acres
- 0.29
- Lot Location
- 11-15 Units/Acre, Level, Street Level
- Days on Market
- 23
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
The subject property is a two story 11 unit apartment building built in 1961. It is located west of Hawthorne Blvd , one block north of El Segundo Boulevard, one block from Eucalyptus Elementary school and Park. The unit mix consists of ten 2 bedroom 1.5 bath townhome style floor plans, and a one 3 bedroom 2 bath unit. There are 11 carports with parking and storage for each unit. The laundry room provides additional income and all washers and dryers are included as they are owned by the seller. The building is 100% occupied and all rents were just increased and went into effect as of January 1, 2024. Tenants pay gas and electric for their individual units. There is still another 20%-25% or more upside in rents on most units which can be achieved over time since Hawthorne does not have its own rent control ordinance. A new roof was installed in 2023 and the electrical service was upgraded as well in 2023. This is an excellent turn key investment with significant upside.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $249,528
- Operating Expense
- 89564
Listing courtesy of Listing Agent: Julie Lockwood (jlockwood@remax-execs.com) from Listing Office: Re/Max Estate Properties.
Listing sold by Stephen Lampe from Re/Max Commercial & Investment
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.