12415 Cedar Ave, Hawthorne, CA 90250
- $2,195,000
- 6
- BD
- 8
- BA
- 5,048
- SqFt
- List Price
- $2,195,000
- MLS#
- 26105002
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 6
- Bathrooms
- 8
- Living Area
- 5,048
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
Additional Information
- Year Built
- 1951
- Garage
- Garage
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