12527 Cranbrook Ave, Hawthorne, CA 90250

12527 Cranbrook Ave, Hawthorne, CA 90250

Hawthorne, CA
$1,235,000

Property Description

Property Highlights

  • 4-Plex in Hawthorne

  • Built in 1941, renovated in 1968

  • Delivered 75% vacant

  • $321 PSF | $308,750 PPU

  • Represented 1031 exchange client

  • Non rent controlled area of LA County with 8.9% allowable annual increases

The Glaser Group is pleased to announce the successful closing of 12527 Cranbrook Ave in Hawthorne, CA. This 3,847 square foot 4-plex was built in 1941 and is comprised of (1) 4 bed + 2 bath owner’s unit, (1) 2 bed + 1.5 bath townhouse, & (2) 1 bed+1 bath units. We represented a 1031 exchange buyer, who had previously sold a 4-plex with us earlier this year in San Bernardino and successfully executed a value-add plan there. We identified and secured this property under contract just two weeks into his 45-day IRS identification period, removing all contingencies before the ID period expired.

This property was delivered 75% vacant, offering our client the opportunity to renovate all units and the exterior, with plans to add two ADUs in the carport area at the back of the lot. Located in a non-rent-controlled area of LA County, the property benefits from 8.9% allowable annual rent increases at the moment.

If you’re interested in exploring a similar sale or purchase, please send us an email or call us at 310-230-5157. We’d be happy to help.

Property Features

  • Sale Price: $1,235,000
  • Units: 4

Lyon Stahl Investment Real Estate

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