11716
Oxford Avenue,
Hawthorne,
California
CA
90250-2579
Sold For: $2,000,000
Listing ID: 22218549
Price/SqFt:
$330.91
Status:
Closed
Sold Date:
12/21/2022
SqFt:
6,044
Sq Ft
Acres:
0.162
Acres
Year Built:
1986
First time on market in 24 years. The subject property has thrived under long-term, local ownership and management. 8 units spread over 6,000 rentable square feet, on over 7,000 sq. feet of dirt. 13 striped spots in the secured-access, on-grade parking structure. On-site laundry and lots of room for storage units in the garage area. Attractive 10% (AB 1482) rent increase opportunities in this South Bay market, unlike LA deals. One 2 Bed/1 Bath unit, Four large 1 Bed units and Three 1 Bed/1 Bath units with Den/Nursery/Office - perfect for growing families or the work-at-home renter. SELLER WILL ALLOW ISSUANCE OF RENT INCREASES DURING ESCROW.
Primary Features
County:
Los Angeles
Price/SqFt:
330.91
Property Type:
Residential Income
Year Built:
1986
Zoning:
HAR3YY
Interior
Cooling:
no
Cooling Type:
None
Heating:
yes
Heating Type:
Forced Air
Stories Total:
2
External
Lot Size Area:
7050
Lot Size Source:
Assessor
Lot Size Square Feet:
7050
Number Of Buildings:
1
Parking:
yes
Parking Features:
Parking Space
Parking Total:
13
Location
Country:
US
MLS Area Major:
108 - North Hawthorne
Additional
Association:
no
Days On Market:
23
List Agent State License:
01330706
List Office State License:
00409987
Lot Size Units:
Square Feet
New Construction:
no
Number Of Units Total:
8
Parcel Number:
4047010015
Year Built Source:
Assessor
Financial
Cap Rate:
4.46
Gross Multiplier:
13.46
Gross Operating Income:
148584
Net Operating Income:
144126
Special Listing Conditions:
Standard
Total Expenses:
54925
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Based on information from CARETS as of Thursday, April 18th, 2024 05:44:58 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by: BriceHead, DRE #01330706 from CBRE, Inc.
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