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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$1,995,000
Est. payment /mo
6,861 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,861 sqft
Price per Sqft $290
MLS Listing ID CRSB25035540
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1987
Lot Size 6,752 Sqft
Property Sub-Type Other
Property Description
Nestled in a residential pocket of Hawthorne, this large 7-unit apartment property presents an exceptional investment for a seasoned owner or exchange buyer. Offering a strong unit mix, the building features80s construction, (6) 2-bedroom/1-bath units and (1) spacious 3-bedroom/2-bath townhome-style unit. The property boasts 15 total parking spaces, including 1 garage and 12 carport spaces, along with shared laundry facilities. With a 3.94% CAP rate and 14.46 GRM, the building generates strong current income, while a 47% rental upside offers significant long-term potential with a 7.04% market CAP and 9.83 market GRM. Strategically located across the street from SpaceX, the property benefits from a prime location with easy access to major employers, retail, and dining.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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