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4750 W Broadway Hawthorne, CA 90250
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Key Details
Sold Price $3,290,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24059985
Sold Date 06/13/24
HOA Y/N No
Year Built 1962
Lot Size 0.276 Acres
Property Description
Sixteen (16) Non-Rent Controlled Units in Hawthorne; less than one (1) Mile to Space X and the Tesla Design Center. Offered at only $205,938 / Unit, the property boasts a 5.39% Actual CAP, and 7.70% Pro-Forma CAP Return. This recession proof complex has a Unit Mix of: One (1) 2 Bedroom/1Bath, Five (5) 1 Bedroom/1Bath and Ten (10) Studios, which rarely become vacant. Furthermore, the real estate sits on Two Parcels of land (a Fourteen (14) unit Parcel, and a Two (2) unit Parcel), which makes the need for a dedicated on-site manager optional ~ buyer to verify. The property has ample parking with Six (6) Open Stalls, Twelve (12) Carports and One (1) Garage, allowing for ADU Opportunities as well. The City of Hawthorne has become highly sought after due to its centralized location with Playa Del Ray directly to the West, and Culver City bordering to the North. Note: Although the property is NOT subject to any City Rent Control requirements, the building still falls under California AB1482.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning HAR3YY
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
Total Parking Spaces 1
Private Pool No
Building
Lot Description Garden
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4041018039
Energy Description 7076.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Rahul Bhagat • eXp Realty of California Inc
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