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Key Details
Sold Price $930,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24169374
Sold Date 12/03/24
Bedrooms 5
Property Description
We are pleased to offer for sale these 2 Cottage Style units on one lot for sale in prime Hawthorne. The property includes a 2-bedroom/1-bath unit (to be delivered vacant at the close of escrow) and a larger 3-bedroom/2-bath unit, which cleverly was divided into a 2-bedroom/1-bath residence upstairs and a 1-bedroom/1-bath "in-law" quarters downstairs, maximizing its rental potential. Spanning 2,086 square feet of rental space on a generous 8,701 square foot lot, these homes are complemented by individual laundry hookups, adding to tenant convenience and appeal. The property boasts updated plumbing, ensuring reduced maintenance costs and increased reliability. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, this property not only offers great accessibility to major attractions but also stands to benefit from a significant 25% potential upside in rental income (A buyer can take advantage of the fact that all units are scheduled for their annual rental increase.). This presents an exceptional opportunity to capitalize on a well-maintained property with strong income growth potential.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East of I-405, South of I-105; Near the Intersection of Prairie Ave & 137th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
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Bought with Mohammad Ali Eagles Mortgage Company Inc.
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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