Pending
4464 W 142nd ST
HAWTHORNE CA, 90250
$1,325,000
$306.57 per sqft
Pending
10 Beds
5 Baths
4,322 sqft
Multi-family
Built in 1961
We are pleased to offer for sale this 4 unit (Fourplex) investment opportunity in prime Hawthorne. This multi-family residential property offers an outstanding investment opportunity, boasting oversized units and a prime location. The property encompasses a total of 4,322 rental square feet situated on a 5,825 square foot lot and includes a diverse unit mix: one 3-Bedroom/1.75-Bath "Owner's Unit" featuring private laundry hookups, another 3-Bedroom/1-Bath unit, and two 2-Bedroom/1-Bath units. Each unit is separately metered for electricity and gas, ensuring ease of management and cost efficiency. Located in close proximity to key attractions such as Manhattan Beach, Sofi Stadium, and LAX Airport, the property combines convenience with high tenant demand. Additionally, onsite carport parking adds to the appeal for residents, enhancing the property s desirability. Highlighting its potential, there is a significant 40% upside in rental income as all units are poised for an annual rent increase. Furthermore, this investment comes with an attractive private-seller financing option: 25% down payment, 6.5% interest-only payments, and a 7-year term, making it an even more attractive acquisition for investors seeking to capitalize on a well-maintained asset with substantial growth potential.
CV24169345MR
MLSⓇ ID
August 15, 2024
Listed
September 13, 2024
Updated
Map
4464 W 142nd ST
HAWTHORNE CA, 90250
Interior Features
Total Stories
2
Bedrooms
10
Total Bathrooms
5
Laundry Description
Gas Or Electric Dryer Hookup, Inside, Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Ramona/Burleigh
Days on Market
5
Garage
No
Parking Total
4
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
HAR3YY
Listing History
Date | Event | Price |
---|---|---|
9/3/2024 | Pending | — |
Listed by Kristopher German with RE/MAX 2000 REALTY
Listing Contact: 626-427-0786
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Elizabeth Alligood & Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024