Bought with Bina Bengali
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4730 W 118th ST Hawthorne, CA 90250
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Key Details
Sold Price $1,260,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRRS17068948
Sold Date 09/14/17
Bedrooms 1
Full Baths 1
Half Baths 1
Year Built 1963
Lot Size 6,291 Sqft
Source California Regional MLS
Property Description
Great investment opportunity in residential area of Hawthorne offers 5 units. One 3 br/2 ba; four 2br/1 ba; 6 assigned parking spaces and onsite laundry. Gated parking & storage cabinets in the carport. No rent control. easy to rent. No vacancy. Two 2 bedroom units have been completely remodeled and have yearly lease at 1525 & 1550. Other units have some upgrades as well and are month to month. Newly landscape Faux turf grass. Nice clean well managed asset with cash flow and upside potential. *** 3br rent will be $2050 from May 2017 making actual Gross schedule income will be $92940. Hawthorne is approx 3 miles from the new football stadium for Los Angels Rams & Chargers to open in 2019 which will bring jobs and construction in the area & boost the economy. Hawthorne is also a home for some major companies such as Space X, Tesla Motor design center,Northrop. Mattel..etc. Property close to FWYs and LAX, Municipal airport.
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Interior
Laundry Community Facility, Washer/Dryer - Owned
Exterior
Garage Spaces 5.0
Pool None
Building
Foundation Raised
Sewer TBD
Water District - Public
Others
Special Listing Condition Not Applicable
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