12700 Cranbook Ave, Hawthorne, CA 90250

12700 Cranbook Ave, Hawthorne, CA 90250

Hawthorne, CA

Property Description

Lyon Stahl is pleased to present 12700 Cranbrook Ave, a 4-unit apartment building located in the desirable East pocket of Hawthorne, just a short distance to the Hawthorne Municipal Airport and LAX. This 3,395 SF building was built in 1941 and is situated on a 7,001 SF lot. 12700 Cranbrook Ave offers an ideal unit mix of all 2-bed/1-bath units separately metered for gas and electric.

Given the property’s ideal location, strong unit mix, and significant upside rent potential, 12700 Cranbrook Ave is an excellent investment opportunity for any investor seeking growth, stability, and a hedge against inflation.
<li>Well Maintained Building Consisting of All 2-Bed/1-Bath Units</li>
<li>Significant Upside Rent Potential: Pro Forma 5.88% CAP &amp; 11.57 GRM</li>
<li>Only a Short Commute to the Hawthorne Municipal Airport and LAX</li>
<li>3,395 SF Building Situated on a 7,001 SF Lot</li>
<li>Property Includes (3) 1-Car Garages &amp; (1) 2-Car Garage</li>

Property Features

  • Sale Price: $1,075,000
  • Area Size: 3,395 SF
  • Land Area: 7,001 SF
  • Year Built: 1941
  • Listing Date: 10/6/2020
  • Closing Date: 12/24/2020
  • Units: 4
  • Current GRM: 18.92
  • Current Cap Rate: 3.08%
  • Price Per Unit: $275,000
  • Market GRM: 12.73
  • Market Cap Rate: 5.46%
  • Current NOI: $33,187

Lyon Stahl Investment Real Estate

Keep In Touch