Hawthorne, CA 90250,4029 W 136th ST
Hawthorne, CA 90250,4029 W 136th ST
Hawthorne, CA 90250,4029 W 136th ST
Hawthorne, CA 90250,4029 W 136th ST
Hawthorne, CA 90250,4029 W 136th ST
Hawthorne, CA 90250,4029 W 136th ST
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$1,405,000

$1,375,000

2.2%
Est.Price: ?

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Est. payment /mo

8,698 Sqft Lot


SOLD DATE : 09/27/2024

Key Details

Sold Price $1,405,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24169317

Sold Date 09/27/24

HOA Y/N No

Year Built 1955

Lot Size 8,698 Sqft

Property Description

We are pleased to exclusively offer for sale this 5 unit multi-family investment property in prime Hawthorne. The asset includes a charming cottage-style 3-Bedroom/1-Bath unit alongside four 2-bedroom/1-bath units, collectively offering 4,002 square feet of rental space situated on an 8,700 square foot lot. Each unit has been meticulously maintained, and several units have been re-piped with copper plumbing, including the front cottage.

Tenants benefit greatly from convenient onsite amenities including garage parking and a laundry facility, which enhance the desirability of the property. Strategically located in close proximity to Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unparalleled access to major local attractions and transportation, making it highly appealing to potential renters.

Significantly, there is a huge 27% upside potential in rental income, making this property an attractive option for investors seeking a stable asset with growth potential. (A buyer can take advantage of the fact that all units are scheduled for their annual rental increase.) Furthermore, this investment comes with an attractive private-seller financing option: 25% down payment, 6.5% interest-only payments, and a 7-year term.

Location

State CA

County Los Angeles

Area 109 - Ramona/Burleigh

Zoning HAR3YY

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 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 4045029023

Energy Description 233.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

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 Kristopher German • RE/MAX 2000 REALTY
agent-avatar

michelle@michellehomesellingteam.com

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

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