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13927 Chadron Ave Hawthorne, CA 90250
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Key Details
Sold Price $4,800,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 15,284 sqft
Price per Sqft $314
MLS Listing ID 22-215283
Sold Date 02/07/23
Year Built 1958
Lot Size 0.341 Acres
Acres 0.3413
Property Description
Impeccable, NEW product in a submarket that's on the come, minutes to LAX, SpaceX, Tesla Design Center, Northrop Grumman, Raytheon & the new LA Times HQ on Imperial Hwy. An opportunity to buy and 'cashflow' at a 5% cap rate clip, day one. All utilities on the tenants' dime, being condos. All units are HUGE 3 Bed/3.5 Bath units with den/office/nursery, also. Your 5% cap cashflow will only get more robust over the years due to the absence of rent control, here! New construction in the state is NOT SUBJECT TO RENT CONTROL, for the first15 years. Arguably perfect product, great location, great cashflow AND the additional hedge of knowing townhome sales, YTD, have exceeded $900,000 in Hawthorne/Gardena, in some cases - if you want to sell them off individually. (*one unit designated 'low income').The deal is arguably worth $6MM, deliverable under$5,000,000.
Location
State CA
County Los Angeles
Area East Hawthorne
Zoning HawR3
Rooms
Other Rooms None
Interior
Heating Electric
Cooling Air Conditioning
Equipment Dishwasher, Microwave, Range/Oven
Exterior
Parking Features Garage
Garage Spaces 18.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with LA Commercial, Inc.