Property Detail

Description

Highly Desirable Hawthorne Location - West of Hawthorne Boulevard | Significant Value-Add Potential - Approximately 130% in Rental Upside | 8.25% Pro-Forma Cap Rate & 9.07 Pro-Forma GRM | Large 9,719-SF Lot | Outstanding Opportunity to Add ADUs (Accessory Dwelling Units) or Redevelop the Property in the Future | Approximately 1.5 Miles from Northrup Grumman & Intuit Dome and 2 Miles from SoFi Stadium | Unit Mix of (1) 2-Bedroom/1-Bathroom Unit & (5) 1-Bedroom/1-Bathroom Units | No Local Rent Control - Defaults to AB 1482 | Total of 6 Parking Spaces | Priced at $216,667 Per Unit & $280 Per SF | Strong Neighboring Employment: Raytheon, Los Angeles Times, SpaceX, Tesla Design Center, Hollywood Park Tomorrow, Boeing & LAX Airport