Hawthorne, CA 90250,11529 York AVE
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Hawthorne, CA 90250,11529 York AVE
Hawthorne, CA 90250,11529 York AVE
Hawthorne, CA 90250,11529 York AVE
Hawthorne, CA 90250,11529 York AVE

$1,350,000

Est. payment /mo

$1,400,000

3.6%
Est.Price: ?

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11529 York AVE Hawthorne, CA 90250

11 Beds

10 Baths

6,050 SqFt

SOLD DATE : 05/02/2023

Key Details

Sold Price $1,350,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,050 sqft

Price per Sqft $223

MLS Listing ID 23251901

Sold Date 05/02/23

Bedrooms 11

HOA Y/N No

Year Built 1963

Lot Size 7,000 Sqft

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 108 - North Hawthorne

Zoning HAR3YY

Interior

Cooling None

Fireplace No

Exterior

Garage Carport

Parking Type Carport

Total Parking Spaces 6

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 4047007010

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by John Katnik • BRC Advisors- BH
Bought with John Katnik • BRC Advisors- BH

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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