11529 York Ave, Hawthorne, CA 90250
- $1,400,000
- 11
- BD
- 10
- BA
- 6,050
- SqFt
- List Price
- $1,400,000
- MLS#
- 23-251901
- Year Built
- 1963
- Bedrooms
- 11
- Bathrooms
- 10
- Living Sq. Ft
- 6,050
- Lot Size
- 7,000
- Days on Market
- 3
- Property Type
- Multifamily
- Stories
- 2
Property Description
We are pleased to present this 5 unit apartment community located in the heart of Hawthorne. The offering consists of great unit mix of 2 bedroom and 3 bedroom units. In total, the buildings sit on a 7,000 sq ft lot and feature 6 parking spaces and on-site laundry. Offered at $231/sq ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 5.03 % Cap Rate & 12.83 GRM. There is rental upside potential to a 7.72% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM. The property is in close proximity to SoFi and LAX making it extremely attractive for renters.
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Additional Information
- Other Buildings
- None
- Heat
- Other
- Cooling
- None
- Number of Cars in Garage
- Carport
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Courtesy of , John Katnik - CA DRE#
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