12527 Cranbrook Ave, Hawthorne, CA 90250
- $1,350,000
- 7
- BD
- 6
- BA
- 3,847
- SqFt
- List Price
- $1,350,000
- MLS#
- 24-368225
- Status
- PENDING
- Type
- Multifamily
- Bedrooms
- 7
- Bathrooms
- 6
- Living Area
- 3,847
Property Description
OFFERS DUE 4/30/2024 at 5pm! We are pleased to present 12527 Cranbrook Ave in Hawthorne, CA. This 4-unit apartment building is an opportunity for an investor or owner-user to purchase a value-add opportunity in a rapidly growing South Bay city. The property consists of (1) 4bed+2bath owner's unit, (1) 2bed+1.5bath townhouse, & (2) 1bed+1bath units. Three units will be delivered vacant: (1) 4+2, (1) 2+1.5 TH, and (1) 1+1. The property features a covered carport in the rear and additional uncovered surface parking spaces. This is an opportunity for a buyer to own in a high demand rental market with tremendous growth potential. The property is subject to statewide AB1482 which allows for 5%+CPI annual rent increases. One unit is vacant now, Two more units will be vacant by 4/26/2024. Unit #2 will remain occupied. Property to close escrow anytime after 5/16/2024. Offer deadline is April 30th at 5pm PST.
Additional Information
- Year Built
- 1941
- Garage
- Carport Detached
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Courtesy of Matthews Real Estate Investment Services, Nabil Awada.
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