Property Detail

Description

Highly Desirable Hawthorne Location - West of Hawthorne Boulevard | Approximately 1.5 Miles Northrup Grumman & Intuit Dome and 2 Miles from SoFi Stadium | Unit Mix of (1) 3-Bedroom/2-Bathroom Unit, (2) 2-Bedroom/1-Bathroom Units & (5) 1-Bedroom/1-Bathroom Units | Six of the Units Have Been Renovated | 5.67% Current Cap Rate & 11.33 Current GRM | 6.92% Pro-Forma Cap Rate & 9.84 Pro-Forma GRM | Each Unit Contains Updated Electrical Subpanels (2021) | Newer Roof (2021) with 30-Year Warranty & Newer Hot Water Heater (2022) | No Local Rent Control - Defaults to AB 1482 | 5,971-SF Apartment on a 7,733-SF Lot | 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