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Key Details
Sold Price $2,335,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,419 sqft
Price per Sqft $314
MLS Listing ID 24426617
Sold Date 10/25/24
Bedrooms 16
HOA Y/N No
Year Built 1930
Lot Size 0.547 Acres
Property Description
8 Single-Story Units on Massive 23,835-SF Lot | Outstanding Opportunity to Add 2 ADUs or Redevelop Property to a 16-Unit Apartment | 8.13% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM | 5.35% Current Cap Rate & 12.74 Current GRM | All 2-Bedroom/1-Bathroom Units | Upgraded Electrical Subpanels Assumable Loan of Approximately $1,039,600 at 3.60% Fixed Until July of 2026 | Located Approximately 1 Mile from SpaceX & Tesla Design Center and 3 Miles from SoFi Stadium & Intuit Dome (NBA Clippers Arena) | Recently Painted Property with New Water-Efficient Landscaping | No Local Rent Control - Defaults to AB 1482 | Ample Outdoor Space & Garage Parking for Tenants | Strong Neighboring Employment: Space X, Tesla, & Aerospace Defense Companies
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Zoning HAR4*
Interior
Fireplace No
Exterior
Garage Garage
Garage Spaces 8.0
Garage Description 8.0
Total Parking Spaces 8
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4051020032
Special Listing Condition Standard
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Bought with Matilda Thomas • Sotheby's International Realty
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