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33240599
33240600

4853 W 116th St, Hawthorne, CA 90250

DG
CA CA 02081392
Young Lewin Advisors
Listed by Young Lewin Advisors
$1,049,000
9 days on market
Updated 3 days ago

4853 W 116th St

Details
APN 4141018029
Property Type Multifamily
Sub Type Apartment Building
Units 2
Cap Rate 5.95%
Buildings 1
Acreage 0.129
Zoning Assessor

Multifamily | 5.95% CAP | 2 Units

Marketing description

First time on the market in 28 years! A 2 unit multifamily property with a bonus non conforming unit, located in the northwest area of Hawthorne. The property features long term tenants residing in a 2 bedroom/1 bathroom front unit and a 3 bedroom/1 bathroom back unit. The back unit was originally configured with two smaller bathrooms, which ownership upgraded to one large bathroom many years ago. Also included are 3 detached garages in the rear that were converted over 10 years ago into a non conforming 2 bedroom/1 bathroom unit, complete with a full kitchen, in unit laundry, and its own private covered patio. The property offers five surface parking spaces, three along the side driveway and two marked spaces in front. Please note that the marketed square footage reflects the two legal units only and does not include the additional non conforming unit, buyer and agents to confirm all property details. The surrounding area benefits from a broad and diverse employment base that drives reliable, consistent rental demand. From LAX and the stadiums in Inglewood to the hospitals, retail corridors, and the countless service, trade, and light industrial employers that define the South Bay workforce, and with Downtown LA just a short freeway commute away, this pocket of Hawthorne attracts hardworking, stable tenants who need quality housing close to the major job markets. That consistent demand is what makes this an attractive long term hold for investors at any level. This is an excellent opportunity for an investor seeking stable, reliable income while capitalizing on the upside
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Listing Contacts

DG
CA CA 02081392
Young Lewin Advisors
Listed by Young Lewin Advisors

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Additional Information

Name
Daniel Gomez
License
CA 02081392
Brokerage
young lewin advisors
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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