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    1/2 BATHS
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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

We are pleased to present 11519 Cedar Street, a 5-unit multi-family community located in the the great rental market of Hawthorne, CA. Located in the heart of the South Bay, the Property is just minutes from LAX, the new So? Stadium and entertainment complex, and the Pacifc Ocean. The property was built in 1958 and is comprised of approximately 4,530 rentable square feet on a 7,658 square foot lot. The building has an outstanding unit mix, comprising of one 1 bedroom 1 bathroom unit, three 2 bedroom1 bathroom units, and one oversized 3 bedroom 2 bathroom owners unit. The property is separately metered for gas and electricity, features ample secured parking, and the tenants bene?t from the propertys central location. In addition, four of the ?ve units have been renovated in the last 24 months and the property has also been earthquake retro?tted. This is an outstanding opportunity to acquire a desirable multi-family asset with substantial upside in the city of Hawthorne and would be a great addition to any investors portfolio.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
www.buysocal.homes/homes/118153112
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11519 Cedar Avenue Hawthorne, CA 90250

  • Price: $1,500,000
  • Status: Active
  • ID#: PW21126629
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1958
Built
Neighborhood:
108 - North Hawthorne
County:
Los Angeles
Area:
108 - North Hawthorne
Property Description
We are pleased to present 11519 Cedar Street, a 5-unit multi-family community located in the the great rental market of Hawthorne, CA. Located in the heart of the South Bay, the Property is just minutes from LAX, the new So? Stadium and entertainment complex, and the Pacifc Ocean. The property was built in 1958 and is comprised of approximately 4,530 rentable square feet on a 7,658 square foot lot. The building has an outstanding unit mix, comprising of one 1 bedroom 1 bathroom unit, three 2 bedroom1 bathroom units, and one oversized 3 bedroom 2 bathroom owners unit. The property is separately metered for gas and electricity, features ample secured parking, and the tenants bene?t from the propertys central location. In addition, four of the ?ve units have been renovated in the last 24 months and the property has also been earthquake retro?tted. This is an outstanding opportunity to acquire a desirable multi-family asset with substantial upside in the city of Hawthorne and would be a great addition to any investors portfolio.
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsSidewalks Electric Expense 1063 Fuel Expense 1063 Garage YN No Gross Income 99598 Gross Scheduled Income 99598 Insurance Expense 2039 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan1031 Exchange Maintenance Expense 3750 Net Operating Income 64134 New Construction YN No New Taxes Expense 19063 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 35464 Other Expense 1250 Rent Control YN No Senior Community YN No Sewer Public SewerSeptic Type Unknown Special Listing Conditions Standard Total Actual Rent 8455 Trash Expense 1063 Water Sewer Expense 1063 Water Source Public

Listing provided courtesy of Kevin King of Marcus & Millichap and Ryan Gonzalez of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
 
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The Kohler Group | Zutila
4000 Barranca Parkway #105
Irvine CA, 92604