We are proud to present this 5-unit apartment in the South Bay city of Hawthorne! Consisting of 5 massive units just east of Hawthorne Blvd and south of Imperial Hwy, this property offers a unique opportunity to acquire the perfect property for a first-time investor or seasoned professional! The property has been in the same family for over 50 years, making this a rare value-add investment with true upside. The offering features a total of 5 apartment units consisting of 4,791 total building square feet on a 6,388 square foot lot. The unit mix comprises of three large 1-bedroom/1-bathroom (about 750-825 sq ft each), one 2-bedroom/1.5-bathroom unit (864 sq ft) and one 3-bedroom/2-bathroom owner's unit (1,336 sq ft) with private washer/dryer and fireplace! Two upstairs units enjoy private balconies!In the back of the property, there are 5 single carport spaces along with ample street parking as the area consists of mainly single-family homes and smaller multifamily properties. Electricity and gas are individually metered for each unit keeping utility costs relatively low. There is a common area laundry room on-site for tenants to enjoy. Hawthorne does not have local rent control, making this property subject to AB-1482 allowing healthy rent increases for the future owner. The property is in a central location close to SpaceX, Tesla, SoFi Stadium and the Intuit Dome. The location also provides easy access to the 105 and 405 freeways. Do not miss your opportunity to own in this highly desirable South Bay city!

Listed By CRMLS_CA / John Katnik / BRC Advisors- BH

Last checked: Checking… • Last updated Nov 19, 2024 • Source: CRMLS_CA

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