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4833 W 118th St, Hawthorne, CA 90250

$895,000

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.

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

Property Downloads

Address

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

Detail

Updated on May 15, 2019 at 11:51 pm

  • Price: $895,000
  • Property Size: 3,538 Sq Ft
  • Land Area: 5,599 Sq Ft
  • Garage Size: 2
  • Year Built: 1965
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 3
  • GRM: 22.77
  • CAP RATE: 2.42%
  • Price per Unit: $298,333
  • Market GRM: 10.73
  • Market CAP RATE: 7.20%

Contact info

Austin Longwell
Austin Longwell
(424) 781-4651(626) 408-4420
Linkedin
Johnnie Stiegler
Johnnie Stiegler
(310) 990-9685(310) 447-2213

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