Hawthorne, CA 90250,13930 Hawthorne WAY
Hawthorne, CA 90250,13930 Hawthorne WAY
Hawthorne, CA 90250,13930 Hawthorne WAY
7
$1,929,000
Est.Price: ?

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6,448 SqFt

13930 Hawthorne WAY Hawthorne, CA 90250

Est. payment /mo
SOLD DATE : 09/20/2024

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Key Details

Sold Price $1,929,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 6,448 sqft

Price per Sqft $299

MLS Listing ID CV24172294

Year Built 1986

Lot Size 6,111 Sqft

Property Description

We are pleased to exclusively offer for sale this "turn-key" 7 unit investment property located in the city of Hawthorne. The subject property, being offered for sale by the original builder, epitomizes pride of ownership and craftsmanship. Constructed in 1986 and well-maintained over time, the building features 6,448 square feet of rental space on a 6,113 square foot lot, showcasing a mix of one 2-Bedroom/1.5-Bath unit and six 1-Bedroom/1-Bath units.

Throughout its history, the property has seen numerous interior updates enhancing its appeal and functionality. Tenants benefit from a variety of amenities including gated private entry, covered onsite parking, a fully equipped laundry facility, and the convenience of dishwashers and stoves provided by the owner.

Most notably, there exists a significant 20% upside in rental income, providing a lucrative opportunity for investors to increase revenue and capitalize on the property?s full potential in a high-demand area. (Five of the seven units are eligible for their annual rent increase, which a new buyer can implement immediately.)

Strategically located in close proximity to Manhattan Beach, Sofi Stadium, and LAX Airport, this property is ideally situated to attract and retain high-quality tenants who appreciate the blend of residential comfort and accessibility to major attractions and transportation hubs. Additionally, an attractive private-seller financing package is available with the following terms: 25% down payment, 6.5% interest-only payments, due in 7 years.

Location

State CA

County Los Angeles

Area 109 - Ramona/Burleigh

Zoning HAR3YY

Rooms

Ensuite Laundry Common Area, Inside

Interior

Laundry Location Common Area,Inside

Laundry Common Area, Inside

Exterior

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Owner May Carry

Listing Terms Cash, Cash to New Loan, Owner May Carry

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Samir Rai • Keystone Realty Group

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