Property Detail

Description

Seller Carry Financing Available: 5.0% interest-only financing available with 40% down (60% LTV) for up to 18 months. Highly Desirable Hawthorne Location: Located west of Hawthorne Boulevard, approximately 1.5 miles from Northrop Grumman and Intuit Dome, and 2 miles from SoFi Stadium. Renovated Units & Recent Capital Improvements: Six units have been renovated, and all units feature updated electrical subpanels. Property has also undergone recent capital improvements, including a newer roof (2021) with a 30-year warranty and a newer hot water heater (2022). Attractive Unit Mix: Comprised of (1) 3-bedroom/2-bathroom unit, (2) 2-bedroom/1-bathroom units, and (5) 1-bedroom/1-bathroom units. Strong Cash Flow & Rental Upside: Offering a 5.75% current cap rate and 11.23 GRM with upside to a 6.70% pro-forma cap rate and 10.08 GRM. No Local Rent Control: Property defaults to AB 1482. Building Amenities: On-site laundry facility provides additional annual income, and the property includes a total of seven parking spaces. Surrounded by Major Employment Centers: Convenient access to Northrop Grumman, SpaceX, Raytheon, Boeing, Tesla Design Center, Hollywood Park, Los Angeles Times, and LAX Airport, supporting strong long-term rental demand.