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13839 Jefferson AVE Hawthorne, CA 90250
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Key Details
Sold Price $880,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24169396
Sold Date 10/11/24
HOA Y/N No
Year Built 1941
Lot Size 8,651 Sqft
Property Description
We are excited to present a unique opportunity to purchase two detached, cottage-style units in prime Hawthorne. Each unit is situated on its own lot, with both lots adjacent to each other. Each home features 3 Bedrooms & 1 1/4 Bathrooms, together offering a total of 2,190 square feet of rental space. The homes are situated on two separate lots (2 APNs), which together encompass 8,652 square feet of land.
Each cottage benefits from thoughtful upgrades such as wood laminate flooring, and newer plumbing, enhancing both aesthetics and functionality. Tenants enjoy the convenience of private garage parking and individual laundry hookups, adding significant appeal and comfort.
Financially, the property is set up for success, with tenants responsible for electricity & gas, which optimizes cost-efficiency for the owner. Located in close proximity to key destinations such as Manhattan Beach, Sofi Stadium, and LAX Airport, the property benefits from its strategic positioning that offers continuous tenant demand.
Most notably, there exists a significant 30% upside in rental income (a buyer can take advantage of the fact that all units are scheduled for their annual rental increase), providing a lucrative opportunity for investors to increase revenue and capitalize on the property’s full potential in a high-demand area. This investment is ideal for those looking to expand their portfolio with a well-maintained and strategically located property.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Zoning HAR1YY
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4045013021
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with BONNIE TSAI • Pinnacle Real Estate Group
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