Here is a great opportunity to own a 7895 sqft 7 unit apartment building in a prime West of Prairie location in Hawthorne. Fully rented with 2 three bedroom units and 5 two bedroom units and 7 covered off street parking spaces. The property has been professionally managed for years and is due for the next rent increase under AB 1472. At just $241/sqft and a low 14.9 GRM there is lots of potential for future cash flow with the rent increases and/or making building improvements too. Income and expense info taken from the 2022 year end management report.
Here is a great opportunity to own a 7895 sqft 7 unit apartment building in a prime West of Prairie location in Hawthorne. Fully rented with 2 three bedroom units and 5 two bedroom units and 7 covered off street parking spaces. The property has been professionally managed for years and is due for the next rent increase under AB 1472. At just $241/sqft and a low 14.9 GRM there is lots of potential for future cash flow with the rent increases and/or making building improvements too. Income and expense info taken from the 2022 year end management report.