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$ 1,450,000
Est. payment /mo
Price Dropped by $109K
12717 Cranbrook AVE Hawthorne, CA 90250
6,120 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25030929
HOA Y/N No
Year Built 1964
Lot Size 6,120 Sqft
Property Sub-Type Mixed Use
Property Description
Discover this large 4-unit property located in the city of Hawthorne. Situated on a 6,119 SF lot with 5,008 RSF, this property features a strong unit mix of (3) 3-bed/2-bath unit and (1) 2-bed/1-bath unit. Offering a 4.31% CAP rate and 14.31 GRM, the property also boasts 45% rental upside with a 7.36% market CAP and 9.86 market GRM, making it an exceptional value-add opportunity. Additional amenities include carport parking for 8 vehicles and shared laundry facilities. Ideally located just down the street from Hawthorne Memorial Park, SpaceX, and Chester Washington Golf Course, this property is well-positioned in a gentrifying market with strong long-term potential.
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Zoning HAR3YY
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 8
Pool None
Community Features Biking
Total Parking Spaces 11
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4049014015
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Lease Land No
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc. • 3107801899