Sold – Triplex in Hawthorne | $960,000

Sold – Triplex in Hawthorne | $960,000

Congratulations to Austin Longwell and Johnnie Stiegler of Lyon | Stahl Investment Real Estate for closing 4833 W 118th St, a triplex in Hawthorne!

This building sold for $960,000


This 3,500 square foot triplex was built in 1965, and has a unit mix consisting of (3) 2 Bedroom/1.5 Bath large townhome style units. The property has been meticulously maintained, renovated, & managed since the original owner purchased over 30 years ago. There is laundry, storage, carports, & a two car garage all on site giving the new owner potential for multiple streams for additional income.

This triplex is located in the quaint northwest corridor of Hawthorne 10 minutes from SpaceX, LAX, Raytheon, Boeing, El Segundo, Dockweiler Beach, the 105 & 405 Freeways, The Forum, The new NFL Stadium & many other local shopping, dining, & retail attractions. This ideal location makes this the perfect investment for any investor looking to maximize cash flow in a rapidly appreciating NON-RENT CONTROL market. Hawthorne was recently ranked by Forbes as one of the best cities to buy Rental Property in California for 2019.

 

Investment Highlights:
• Units & building in A condition
• Upgraded Copper Plumbing
• Separately metered; tenants pay electric & gas.
• Non Rent Control Market with legitimately attainable upside.


City Overview: 

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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