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4750 W Broadway

Hawthorne, CA 90250
  • $3,295,000
  • STATUS: Active Under Contract
  • ON SITE: 29 Days
  • ID#: OC24059985
Under Contract
UPDATED: 133 min ago
$3,295,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Pat Swanson of Pat Swanson (949-724-5564)


Description

Sixteen (16) Non-Rent Controlled Units in Hawthorne; less than one (1) Mile to Space X and the Tesla Design Center. Offered at only $205,938 / Unit, the property boasts a 5.39% Actual CAP, and 7.70% Pro-Forma CAP Return. This recession proof complex has a Unit Mix of: One (1) 2 Bedroom/1Bath, Five (5) 1 Bedroom/1Bath and Ten (10) Studios, which rarely become vacant. Furthermore, the real estate sits on Two Parcels of land (a Fourteen (14) unit Parcel, and a Two (2) unit Parcel), which makes the need for a dedicated on-site manager optional ~ buyer to verify. The property has ample parking with Six (6) Open Stalls, Twelve (12) Carports and One (1) Garage, allowing for ADU Opportunities as well. The City of Hawthorne has become highly sought after due to its centralized location with Playa Del Ray directly to the West, and Culver City bordering to the North. Note: Although the property is NOT subject to any City Rent Control requirements, the building still falls under California AB1482.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-25T09:37:48.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/148924610
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4750 W Broadway Hawthorne, CA 90250

  • Price: $3,295,000
  • Status: Active Under Contract
  • On Site: 29 Days
  • Updated: 133 min ago
  • ID#: OC24059985
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1962
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Sixteen (16) Non-Rent Controlled Units in Hawthorne; less than one (1) Mile to Space X and the Tesla Design Center. Offered at only $205,938 / Unit, the property boasts a 5.39% Actual CAP, and 7.70% Pro-Forma CAP Return. This recession proof complex has a Unit Mix of: One (1) 2 Bedroom/1Bath, Five (5) 1 Bedroom/1Bath and Ten (10) Studios, which rarely become vacant. Furthermore, the real estate sits on Two Parcels of land (a Fourteen (14) unit Parcel, and a Two (2) unit Parcel), which makes the need for a dedicated on-site manager optional ~ buyer to verify. The property has ample parking with Six (6) Open Stalls, Twelve (12) Carports and One (1) Garage, allowing for ADU Opportunities as well. The City of Hawthorne has become highly sought after due to its centralized location with Playa Del Ray directly to the West, and Culver City bordering to the North. Note: Although the property is NOT subject to any City Rent Control requirements, the building still falls under California AB1482.
Exterior Features

Entry Level 1 Entry Location Front Lot Features Garden Number Of Separate Electric Meters 17 Parking Total 1 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 12794 Fuel Expense 7076 Garage YN Yes Gross Income 295604 Gross Scheduled Income 302891 Insurance Expense 7430 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 177483 New Construction YN No Number Of Separate Gas Meters 17 Number Of Separate Water Meters 1 Operating Expense 118121 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 25241 Trash Expense 4074 Water Sewer Expense 6497 Water Source Public Zoning HAR3YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-25T09:37:48.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Pat Swanson of Pat Swanson (949-724-5564)