Homes for sale - 4055 W 129th St, Hawthorne, CA 90250

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$5,558,888

Est. payment - /mo

0.4 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25272005

HOA Y/N No

Year Built 1966

Lot Size 0.400 Acres

Property Sub-Type Apartment

Property Description

5.94% CAP, 10.01 GRM & $222k/Unit! Introducing The Crest Apartments, a 25-unit community at 4055 W. 129th Street in the heart of Hawthorne, offered for the first time by the original families who developed it in 1966. The property is attractively priced at a 5.94% cap rate, 10.01 GRM, and $222,356 per unit and features (3) studios, (20) one-bedroom/one-bath units, (1) two-bedroom/one-bath unit, and (1) two-bedroom/two-bath unit (including one non-conforming). On-site amenities include landlord-owned laundry machines, a central courtyard with a pool, gated parking for 29 vehicles, secured entry, and a security camera system. The building is master-metered, with the potential to implement a RUBS (Ratio Utility Billing System) to allocate utility costs to tenants based on unit size or occupancy, providing additional income growth. Subject to statewide rent control under AB 1482, all eligible units received rent increases (5% + CPI) in October 2025. Additional improvements include a major drain line replacement in 2022 (195 ft.), supply line replacements as needed, newer Siemens sub-panels, and completion of SB 721 balcony inspections and required repairs in 2025. Situated west of Prairie Avenue, the property is centrally located near Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major freeway access. The Crest Apartments offers a well-maintained, stable investment with strong fundamentals and clear upside potential in one of the South Bay's most dynamic rental markets.

Location

State CA

County Los Angeles

Area 109 - Ramona/Burleigh

Interior

Heating See Remarks

Cooling See Remarks

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 2.0

Carport Spaces 26

Garage Description 2.0

Pool Community, Private

Community Features Curbs, Dog Park, Pool

Utilities Available See Remarks

Total Parking Spaces 29

Private Pool Yes

Building

Lot Description 0-1 Unit/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4045023034

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Robert Sillman Lyon Stahl Investment Real Estate, Inc. bobby@lyonstahl.com

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