Hawthorne, CA 90250,11966 Oxford AVE
Hawthorne, CA 90250,11966 Oxford AVE
Hawthorne, CA 90250,11966 Oxford AVE
Hawthorne, CA 90250,11966 Oxford AVE
Hawthorne, CA 90250,11966 Oxford AVE
Hawthorne, CA 90250,11966 Oxford AVE
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$1,887,000

$1,895,000

0.4%
Est.Price: ?

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Est. payment /mo

8,742 Sqft Lot


SOLD DATE : 09/19/2024

Key Details

Sold Price $1,887,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24173175

Sold Date 09/19/24

HOA Y/N No

Year Built 1962

Lot Size 8,742 Sqft

Property Description

We are pleased to exclusively offer for sale this meticulously maintained 7 unit multi-family property in the city of Hawthorne. This investment property features a comprehensive array of layouts including one 3-Bedroom/2-Bath, four 2-Bedroom/1-Bath, and two 1-Bedroom/1-Bath units, spread across a well-utilized 8,741 square foot lot, with a total of 6,314 square feet of rental space.

Each unit is separately metered for electricity and gas, enhancing cost efficiency and ease of management. Tenants benefit from the convenience of onsite car-port parking and a communal laundry facility. Significant updates have been made to the infrastructure, including updated copper plumbing and a new sewer line, ensuring reduced maintenance concerns for the new owner.

Located in a community with strong rental demand, this property not only offers stable cash flow but also boasts a 40% potential upside in rental income, as all units are due for their annual rent increase that a new investor can implement immediately. Additionally, attractive Private Seller Financing is available with the following terms: 25% down payment, 6.5% interest-only payments, due and payable in 7 years. 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. Overall this is an outstanding investment opportunity for both seasoned and new investors seeking to maximize returns and long-term capital growth.

Location

State CA

County Los Angeles

Area 109 - Ramona/Burleigh

Zoning HAR3YY

Interior

Fireplace No

Laundry Common Area, Inside

Exterior

Carport Spaces 7

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4047023004

Energy Description 2763.0

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

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

Financing Seller Financing

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 Rick Applebaum • Morgan Skenderian
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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