4453 W 138Th Street

Hawthorne, CA 90250

$6,300,000

List Price

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1987

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Property Description

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.

Listing Information

List Price $6,300,000
Status Active
MLS CV24175154
Type Residential Income
Subtype Apartment
Year Built 1987
Lot Size 18,392
Structure Size N/A
DOM 4
Courtesy Of RE/MAX 2000 REALTY
Listing Agent Kristopher German DRE#01800021

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Kristopher German, RE/MAX 2000 REALTY . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 27th, 2024 at 4:42 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.