4464 142Nd St, Hawthorne, CA 90250
4 Unit Apartment Building | $1,325,000 ($331,250/Unit) | 3.64% Cap Rate | Hawthorne, CA 90250
For Sale
Active
Asking Price $1,325,000
- Property Type
-
Multifamily
- Square Feet
- 4,322 SF
Listing Contacts
Kristopher German
- Property Info
Property Overview
PRIVATE SELLER FINANCING AVAILABLE! Kristopher German of The Apartment Dealer is pleased to exclusively 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.
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.
Property Details
- Class
- C
- Year Built
- 1961
- Stories
- 2
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 4
Highlights
- OVERSIZED UNITS! | 40% UPSIDE IN RENTAL INCOME! (All units due for annual rent increase)
- (1) 3-Bed/1.75-Bath "Owner's Unit", (1) 3-Bed/1-Bath & (2) 2-Bed/1-Bath Units
- 4,322 Rental Sq. Ft. | 5,825 Sq. Ft. Lot | Separately Metered for Electricity & Gas
- Onsite Carport Parking & Private Laundry Hookups for Owner's Unit
- Well-Maintained Asset | Close Proximity to Manhattan Beach, Sofi Stadium & LAX Airport
- PRIVATE-SELLER FINANCING AVAILABLE! 25% Down Payment, 6.5% Interest-Only Payments, 7-Year Term
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