$1,895,000
This 7-unit multifamily property located in Hawthorne presents a compelling value-add investment opportunity in a supply-constrained South Bay rental market. Built in 1962 and encompassing 6,314 square feet of rentable space on an 8,741 square foot lot, the asset features a well-balanced unit mix of (2) one-bedroom/one-bath units, (4) twobedroom/one-bath units, and (1) three-bedroom/two-bath unit. The property benefits from 7 covered carport parking spaces and an on-site laundry facility that generates additional income. Significant infrastructure improvements have already been completed, including updated copper plumbing, newer sewer line, and upgraded electrical panels, reducing near-term capital exposure and providing a strong foundation for future renovation efforts. With approximately 44% rental upside, the asset offers investors the ability to enhance cash flow through interior upgrades and strategic lease repositioning. This is an attractive opportunity to acquire a well-located multifamily asset with existing operational stability and substantial upside potential through value-add execution.
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Listed by Rick Applebaum with Morgan Skenderian (949) 251-8800
Property Type
Apartment
Status
Active
MLS Number
PW26118308
Year Built
1962
Lot Size
8,742 sq ft