4833 W 118th St, Hawthorne, CA 90250

4833 W 118th St, Hawthorne, CA 90250

Hawthorne, CA
$960,000

Property Description

Austin Longwell of Lyon Stahl Investment Real Estate is pleased to present 4833 W 118th St in Hawthorne, CA. 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. Tenant’s are aware of sale and prepared for new ownership.

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.

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

Property Features

  • Sale Price: $960,000
  • Area Size: 3,538 SF
  • Land Area: 5,599 SF
  • Year Built: 1965
  • Closing Date: 6/12/19
  • Units: 3
  • Current GRM: 22.77
  • Current Cap Rate: 2.42%
  • Price Per Unit: $298,333
  • Market GRM: 10.73
  • Market Cap Rate: 7.20%