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11529 York Ave Hawthorne, CA 90250
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Key Details
Sold Price $1,350,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 6,050 sqft
Price per Sqft $223
MLS Listing ID 23-251901
Sold Date 05/02/23
Bedrooms 11
Year Built 1963
Lot Size 7,000 Sqft
Acres 0.1607
Property Description
We are pleased to present this 5 unit apartment community located in the heart of Hawthorne. The offering consists of great unit mix of 2 bedroom and 3 bedroom units. In total, the buildings sit on a 7,000 sq ft lot and feature 6 parking spaces and on-site laundry. Offered at $231/sq ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 5.03 % Cap Rate & 12.83 GRM. There is rental upside potential to a 7.72% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM. The property is in close proximity to SoFi and LAX making it extremely attractive for renters.
Location
State CA
County Los Angeles
Area North Hawthorne
Zoning HAR3YY
Rooms
Other Rooms None
Interior
Heating Other
Cooling None
Equipment None
Exterior
Parking Features Carport
Garage Spaces 6.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with BRC Advisors- BH