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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 5,995,000

Est. payment -/mo

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Pending

4453 W 138th ST Hawthorne, CA 90250

17,582 SqFt

UPDATED:

10/08/2024 05:38 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 17,582 sqft

Price per Sqft $340

MLS Listing ID CV24175154

HOA Y/N No

Year Built 1987

Lot Size 0.422 Acres

Property Description

NEW PRICE! First time for sale since original construction in 1987! 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 original construction. Spanning two contiguous lots, each with their own 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, door entry intercom system, covered parking, dishwashers and stoves provided by the owner, an onsite laundry facility (one per building), and fire sprinkler system, 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.

Currently priced at 5.32% CAP Rate and 13GRM based on current rental rates, investors will find significant value-add potential in rental income driven by the property’s 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.

Location

State CA

County Los Angeles

Area 109 - Ramona/Burleigh

Zoning HAR3YY

Rooms

Ensuite Laundry Common Area, Inside

Interior

Laundry Location Common Area,Inside

Fireplace No

Laundry Common Area, Inside

Exterior

Carport Spaces 20

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 20

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4043012019

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

4453 W 138th ST Hawthorne, CA 90250

Key Details

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Rooms

Interior

Exterior

Building

Others

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4453 W 138th ST