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4279 W Broadway, Hawthorne, CA 90250

$1,450,000

Description

We are is pleased to present 4279 Broadway located in the highly appreciating City of Hawthorne. This 3,348 SF building is situated on a 7,251 SF lot. The property is comprised of one (1) two-bedroom/one-bathroom unit and five (5) one-bedroom/one-bathroom units. 4279 Broadway has had many of the major systems and roof replaced within the last three years, offering a new investor a value-add opportunity at a fraction of the cost. 4279 Broadway is ideally located near both the 405 Freeway and 105 Freeways, offering convenient access to the Westside of Los Angeles, Downtown Los Angeles, Downtown Long Beach and Los Angeles International Airport. The location gives tenants the ease of transport to the major economic hubs throughout Greater Los Angeles. Additionally, 4279 Broadway is located just south of the new Hollywood Park Redevelopment, slated to be the world’s most expensive sports stadium. In addition to the stadium, the development will bring 3,000 new housing units, a luxury hotel and approximately 620,000 SF of new retail. 4279 Broadway offers an astute investor the opportunity to acquire a value-add property in the strong rental market of Hawthorne. By implementing a value-add renovation program and raising rents to market levels, 4279 Broadway presents an investor with a truly lucrative investment opportunity.

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Address

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

Detail

Updated on December 4, 2019 at 1:05 am

  • Price: $1,450,000
  • Property Size: 3,348 Sq Ft
  • Land Area: 7,251 Sq Ft
  • Garage Size: 5
  • Year Built: 1949
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 6
  • GRM: 14.30
  • CAP RATE: 4.46%
  • Price per Unit: $241,557
  • Market GRM: 12.21
  • Market CAP RATE: 5.68%

Contact info

Nico Rosmarin
Nico Rosmarin
(424) 226-9449(303) 819-5225
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