Hawthorne Homes with Apartment Subtype

Hawthorne Homes with Apartment Subtype

Hawthorne, located in Los Angeles County, California, is a vibrant city known for its diverse community and convenient location. With a mix of residential neighborhoods, commercial areas, and recreational facilities, Hawthorne offers a balanced lifestyle for its residents.

For those interested in homes with an apartment subtype, Hawthorne provides a variety of options to choose from. Whether you're looking for a multi-family property for investment purposes or a home with a separate apartment for rental income or extended family members, Hawthorne has properties that fit your needs.

Homes with an apartment subtype in Hawthorne offer flexibility and potential for additional income streams. These properties are ideal for homeowners looking to maximize the use of their space or investors seeking rental opportunities in a desirable location. With easy access to amenities, schools, and major freeways, living in a home with an apartment subtype in Hawthorne provides both convenience and comfort.

Newest Hawthorne Homes with Apartment Subtype

$3,995,000
SB24182655 MLS Active Status
We are pleased to announce that we have just listed 13605 Cerise Ave., Hawthorne, CA, which is a beautiful 3-story, 15-unit apartment building built in 1986. This is the first time the property has been on the market, originally developed by the seller. The owner recently installed a brand-new roof and painted the entire building. The units are huge (averaging 858 sq. ft.) and very well laid out. The unit mix consists of 1-3bd/2ba townhouse unit, 1-2bd/1ba unit, 1-2bd/2ba unit, and 12-large 1bd/1ba units. The units have expansive city views. There is abundant parking at the property, with one enclosed garage spot, 21 tuck under spaces and 5 car port parking spaces at the rear of the property. Due to the ample parking, a buyer should be able to explore the possibility of converting the car port and building 1 or 2 ADU. The front townhouse unit has a nice, fenced yard that will be delivered vacant. There is a large laundry room on the ground floor. The parking lot is secured with a remote opener for the convenience of the tenants. The area surrounding the property consists of single-family homes and small to mid-sized apartment buildings. The property is located approximately 2 miles from both the 105 and 405 Freeways, which provide quick access to major employment centers throughout the area, including LAX, Inglewood, Gardena, the Beach Cities, the Westside and Downtown LA. The subject property also benefits from its close proximity to the SpaceX Research and Development Center. The property is listed at $3,995,000, which is well below replacement cost at $310.07 per sq. ft. and $266,333 per unit. The property is listed just under a 5% cap rate and should deliver a solid cash flow with rent upside. Offering Memorandum included as a supplement to this listing.

13605 Cerise Avenue, Hawthorne

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.