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Key Details
Sold Price $930,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,086 sqft
Price per Sqft $445
MLS Listing ID CV-24169374
Year Built 1941
Lot Size 8,701 Sqft
Property Description
We are pleased to offer for sale these 2 Cottage Style units on one lot for sale in prime Hawthorne. The property includes a 2-bedroom/1-bath unit (to be delivered vacant at the close of escrow) and a larger 3-bedroom/2-bath unit, which cleverly was divided into a 2-bedroom/1-bath residence upstairs and a 1-bedroom/1-bath "in-law" quarters downstairs, maximizing its rental potential. Spanning 2,086 square feet of rental space on a generous 8,701 square foot lot, these homes are complemented by individual laundry hookups, adding to tenant convenience and appeal. The property boasts updated plumbing, ensuring reduced maintenance costs and increased reliability. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, this property not only offers great accessibility to major attractions but also stands to benefit from a significant 25% potential upside in rental income (A buyer can take advantage of the fact that all units are scheduled for their annual rental increase.). This presents an exceptional opportunity to capitalize on a well-maintained property with strong income growth potential.
Location
State CA
County Los Angeles
Zoning HAR1YY
Interior
Laundry Gas & Electric Dryer Hookup, Inside, Washer Hookup
Exterior
Parking Features Gated
Garage Spaces 2.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Lot 6500-9999, 2-5 Units/Acre
Sewer Public Sewer
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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