$950,000
$995,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
8,711 Sqft Lot
SOLD DATE : 01/15/2023
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22249985
Sold Date 01/15/23
Bedrooms 8
HOA Y/N No
Lot Size 8,711 Sqft
Property Description
Amazing potential in this triplex in a great area of Hawthorne! Front unit is a detached, split-level, 3 Bed/2.5 bath home with private front yard, about 1580 SF. Behind it is a one-level duplex with both units being 2 bed 1.5 bath, 971 SF. 5 car garage is in the back. ** Please note, the property is a FIXER and will require all cash, or cash to private financing. DEVELOPERS! This is also for sale as land, since the city says up to FOUR units can be built on site! City says at least one ADU can be built while still keeping the triplex, and NO garages are required since this property is so close to so much mass transit. Therefore, the entire 5 car garage can be converted into living space or maybe 2 ADUs (Buyer to verify with city). - Each unit has built in laundry. - The entire property will be delivered vacant at the close of escrow. - Tenants pay for separately metered electric & gas. Individual water heaters; owners pay for water. - Top location, close access to LAX, 405 & 105 freeways, giving easy commute access. - Close to Westside, South Bay and Eastside communities. close proximity to SoFi stadium, Kia Forum, SpaceX, shopping and transportation. - Low density street. - Seller has all the inspection reports (general, sewer, termite) available to any buyer. - Quick drive to major entertainment and dining centers in Manhattan, Hermosa, and Redondo Beach - All units will be delivered VACANT at close of escrow, allowing market rents, currently approximately $8900 for all 3 units! - NOTE: all the financial information is based on the property being fully remodeled and part
Amazing potential in this triplex in a great area of Hawthorne! Front unit is a detached, split-level, 3 Bed/2.5 bath home with private front yard, about 1580 SF. Behind it is a one-level duplex with both units being 2 bed 1.5 bath, 971 SF. 5 car garage is in the back. ** Please note, the property is a FIXER and will require all cash, or cash to private financing. DEVELOPERS! This is also for sale as land, since the city says up to FOUR units can be built on site! City says at least one ADU can be built while still keeping the triplex, and NO garages are required since this property is so close to so much mass transit. Therefore, the entire 5 car garage can be converted into living space or maybe 2 ADUs (Buyer to verify with city). - Each unit has built in laundry. - The entire property will be delivered vacant at the close of escrow. - Tenants pay for separately metered electric & gas. Individual water heaters; owners pay for water. - Top location, close access to LAX, 405 & 105 freeways, giving easy commute access. - Close to Westside, South Bay and Eastside communities. close proximity to SoFi stadium, Kia Forum, SpaceX, shopping and transportation. - Low density street. - Seller has all the inspection reports (general, sewer, termite) available to any buyer. - Quick drive to major entertainment and dining centers in Manhattan, Hermosa, and Redondo Beach - All units will be delivered VACANT at close of escrow, allowing market rents, currently approximately $8900 for all 3 units! - NOTE: all the financial information is based on the property being fully remodeled and part of the 5 car garage becomes an ADU; so 4 units total. GSI will be at least $9,950 per month including the new ADU. Full proformas are available for both options: (1) a remodeled triplex and 5 car garage, without an ADU, and (2) Remodeled triplex and a 3 car garage and an ADU.
Location
State CA
County Los Angeles
Area Hawthorne (90250)
Zoning Assessor
Building
Lot Description Curbs
Story 2
Lot Size Range 7500-10889 SF
Level or Stories Split Level
Others
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Financing Cash
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Bought with NON LISTED AGENT • San Diego
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