Hawthorne CA  home offered at $2,000,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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
Senior Community: no
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

Zoning Info


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Listed by: BriceHead, DRE #01330706 from CBRE, Inc.

Contact - Listing ID 22218549

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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