Closed – Triplex in Hawthorne
Johnnie Stiegler of Lyon | Stahl Investment Real Estate is pleased to have closed 4214 W Broadway, a triplex in Hawthorne!
This property sold for $930,000
This unique triplex consists of (1) 3-Bedroom 1-Bathroom unit and (2) 2-Bedroom 1-Bathroom units with a Total Living Area of 2,468 Sqft. The building is powered by solar energy and features new solar panels and electrical panels, installed in 2017. The majority of the plumbing has been upgraded to copper and the main sewer line recently replaced. With the original hardwood flooring, each unit has been updated within the last 5 years, is well-kept and has an in-unit washer and dryer.
Situated on a large 9,001 Sqft. Corner lot, this property features an open communal garden with roses, a bird bath and various types of beautiful trees including a Fig, Bay, Loquat Fruit, and Nopales Paddle Cactus tree. With great current income and significant upside, this is the perfect property for an owner-user and investor alike.
• Unit Mix: (1) 3-Bed/1-Bath & (2) 2-Bed/1-Bath Units
• 2,468 Sqft building on a Large 9,001 Sqft Corner Lot
• Current 5.02% CAP & 13.89 GRM
• Market 6.08% CAP & 12.05 GRM
• Brand New Solar and Electrical Panels installed 2017
• Hard-wood flooring | Copper Plumbing
• Each unit updated within last 5 years
• Beautiful communal backyard garden
Hawthorne is a city in southwestern Los Angeles bordered by El Segundo, Lawndale, Redondo Beach, and Inglewood with a population of 86,199 in an area of 6.1 square miles. Hawthorne is five mile from LAX (Los Angeles International Airport).
Hawthorne has become one of the most sought-after emerging markets in the South Bay, with an influx of institutional capital moving into the city. Companies like SpaceX, Tesla, and most recently Amazon’s Ring have moved their headquarters to Hawthorne.
Hawthorne real estate values have gone up 9% over the past year and the median price of homes currently listed is $656,900.
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