Contact Us

Details

First time for sale since original construction! This one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its construction in 1987. Spanning two contiguous lots with separate APNs, the property covers an impressive 18,392 square foot lot with 17,582 square feet of rentable space, divided among 20 well-designed units. The unit mix includes: sixteen 2-Bedroom/1.5-Bath units, and four 1-Bedroom/1-Bath units, each designed to maximize space and tenant comfort. Residents benefit from a host of amenities including gated private entry, covered parking, dishwashers and stoves provided by the owner, and an onsite laundry facility, enhancing the living experience and tenant retention rates. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unmatched convenience and accessibility, making it highly attractive to potential renters. Investors will find significant value-add potential with a projected 20% upside in rental income (a buyer can take advantage of the fact that the majority of the units are scheduled for their annual rental increase.), driven by the property’s prime location and robust amenities. This is an ideal opportunity for an investor seeking a substantial, well-maintained property with strong growth prospects in a competitive rental market.

PROPERTY FEATURES

Sewer: Public Sewer Water Source: Public
Carport Spaces: 20.00 # of Parking Spaces: 20.00
Lot Features: 16-20 Units/Acre,Lot 10000-19999 Sqft
Number Of Buildings: 2 Parcel Identification Number: 4043012019
Year Built Source: Assessor
Common Walls: 2+ Common Walls Laundry Features: Community,Inside Laundry: Has Laundry
Zoning: HAR3YY MLSAreaMajor: 109 - Ramona/Burleigh

PROPERTY DETAILS

Street Address: 4453 W 138th Street
City: Hawthorne
State: California
Postal Code: 90250
County: Los Angeles
MLS Number: CV24175154
Year Built: 1987
Courtesy of RE/MAX 2000 REALTY

Similar Properties

$6,300,000
$6,000,000
$3,995,000