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12700 Cranbook Ave, Hawthorne, CA 90250

12700 Cranbook Ave, Hawthorne, CA 90250
$1,100,000

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.

  • Well Maintained Building Consisting of All 2-Bed/1-Bath Units
  • Significant Upside Rent Potential: Pro Forma 5.88% CAP & 11.57 GRM
  • Only a Short Commute to the Hawthorne Municipal Airport and LAX
  • 3,395 SF Building Situated on a 7,001 SF Lot
  • Property Includes (3) 1-Car Garages & (1) 2-Car Garage

Property Downloads

  • City: Hawthorne
  • State/county: CA
  • Country: United States

Detail

Updated on October 6, 2020 at 7:21 am

  • Price: $1,100,000
  • List Date: 10/6/2020
  • Property Size: 3,395 Sq Ft
  • Land Area: 7,001
  • Year Built: 1941
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • NOI: $33,187
  • GRM: 18.92
  • CAP RATE: 3.08%
  • Price per Unit: $275,000
  • Market GRM: 12.73
  • Market CAP RATE: 5.46%

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin

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