12415 Cedar AVE, Hawthorne, CA 90250
12415 Cedar AVE, Hawthorne, CA 90250
12415 Cedar AVE, Hawthorne, CA 90250
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,195,000
Est. payment /mo
6 Beds
8 Baths
5,048 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,048 sqft

Price per Sqft $434

MLS Listing ID 26105002

Bedrooms 6

HOA Y/N No

Year Built 1951

Lot Size 10,876 Sqft

Property Description

8-Unit Garden-Style Apartment in Highly Desirable Hawthorne Location - West of Prairie Avenue & South of 120th Street | 6 of the 8 Units Extensively Renovated with New Windows, Electrical, Plumbing & Modern Interior Finishes | Main Electrical Panel Upgraded with New Meters for Every Unit | Large 10,876-SF Corner Lot with Excellent ADU Potential (Buyer to Verify) | 6.08% Current Cap Rate & 11.30 Current GRM | 6.58% Pro-Forma Cap Rate & 10.65 Pro-Forma GRM | Unit H Currently Vacant & Undergoing Renovations - Unit B Will Be Delivered Vacant | Recently Painted Property with Tremendous Curb Appeal | Each Unit Features Front & Rear Entrances with Outdoor Space on Both Sides | Located Approximately 1 Mile to SpaceX & Tesla Design Center and 2 Miles to SoFi Stadium & Intuit Dome | Unit Mix of (6) 1-Bedroom/1-Bathroom Units & (2) Studio/1-Bathroom Units | (3) Freestanding 2-Car Garages Totaling 6 Garage Spaces - Potential to Convert Garages into ADUs (Buyer to Verify) | No Local Rent Control - Defaults to AB 1482 | On-Site Laundry Facility Also Used by Neighboring Property - Generating Additional Income* | Strong Neighboring Employment Centers: Northrop Grumman, Boeing, SpaceX & LAX Airport

Location

State CA

County Los Angeles

Area 108 - North Hawthorne

Zoning HAR3YY

Interior

Fireplace No

Appliance Washer

Laundry Laundry Room

Exterior

Parking Features Garage

Garage Spaces 6.0

Garage Description 6.0

Total Parking Spaces 6

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4046019005

Special Listing Condition Standard

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Listed by Jonathan Nikfarjam Shield CRE, Inc. #01856803

NEARBY SCHOOL & BUSINESS

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