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$1,995,000 – 10 Unit Apartment in Hawthorne, CA (Non-Rent Controlled)

Overview

FOR SALE:  10 Unit Apartment (Non-Rent Controlled)
$1,995,000
Hawthorne, Ca

This is an investment opportunity to acquire a 10 unit apartment building in the city of Hawthorne, Ca. The building consists of nine 1 bed & one 2 bed units, and has 12 onsite parking spaces.

This offering provides stable income with immediate upside in rents as the property is NOT subject to rent control.

Located near the 105 & 405 fwy, the subject property is in a highly populated residential area, minutes from large employers and major retail developments.

  • 10 Total Units – (9) 1 Bedrooms and (1) 2 Bedroom
  • 6,157 SF Total Building Size
  • 12 Onsite Parking Spaces
  • Built in 1986
  • 14.43 GRM and 4.34% CAP on current rents
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Summary

Offering Price:
$1,995,000

Total Units:
10

Gross Rent Multiplier:
14.43

Cap Rate:
4.34%

Building SF:
6,157 SF

Lot Size:
8,276 SF

Year Built:
1986