4453 W 138th St, Hawthorne, California, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$6,300,000

4453 W 138th St
Hawthorne, California, United States

36bd 36ba

Listed By: Realtyww Info

Listed On: 08/25/2024

Listing ID: GL11480860 View More Details

Description

First time for sale since original construction! This one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its construction in 1987. Spanning two contiguous lots with separate APNs, the property covers an impressive 18, 392 square foot lot with 17, 582 square feet of rentable space, divided among 20 well-designed units. The unit mix includes: sixteen 2-Bedroom/1.5-Bath units, and four 1-Bedroom/1-Bath units, each designed to maximize space and tenant comfort. Residents benefit from a host of amenities including gated private entry, covered parking, dishwashers and stoves provided by the owner, and an onsite laundry facility, enhancing the living experience and tenant retention rates. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unmatched convenience and accessibility, making it highly attractive to potential renters. Investors will find significant value-add potential with a projected 20% upside in rental income (a buyer can take advantage of the fact that the majority of the units are scheduled for their annual rental increase.), driven by the propertys prime location and robust amenities. This is an ideal opportunity for an investor seeking a substantial, well-maintained property with strong growth prospects in a competitive rental market.

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Listed by: Kristopher German