Property Detail

Description

Highly Desirable Hawthorne Location - West of Hawthorne Boulevard | Unit Mix of (3) 2-Bedroom/2-Bathroom Units, (2) 2-Bedroom/1-Bathroom Units & (2) 1-Bedroom/1-Bathroom Units | Upgraded Electrical Subpanels in Each Unit (2023) & Newer Main Electrical Panels | Main Sewer Line Replaced | 5.38% Current Cap Rate & 12.34 Current GRM | 7.74% Pro-Forma Cap Rate & 9.50 Pro-Forma GRM | Property Passed SB 721 Balcony Inspection & Building Tented for Termite within Past Few Years | Approximately 1.5 Miles Northrup Grumman & Intuit Dome and 2 Miles from SoFi Stadium | No Local Rent Control - Defaults to AB 1482 | 6,357-SF Apartment on a 7,179-SF Lot | Partial Copper Plumbing, New Hot Water Heater & Gas Shut-Off Valves | On-Site Laundry Facility - Generates Additional Annual Income | Total of 7 Parking Spaces | Strong Neighboring Employment: Raytheon, Los Angeles Times, SpaceX, Tesla Design Center, Hollywood Park Tomorrow, Boeing & LAX Airport