11936 Grevillea Avenue

    Hawthorne, CA 90250
    • $1,590,000
    • STATUS: Closed
    • ON SITE: 95 days
    • ID#: SB19284978
    Sold - 03/11/2020
    $1,590,000
    SOLD - 03/11/2020
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,971
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Great investment opportunity with a tremendous 28% upside in rents. This property is in close proximity to the New Sofi Stadium development in Inglewood and within minutes from Los Angeles International Airport. This seven-unit apartment building features (1) 3 bedroom + 2 bath townhome style unit with its own garage, (2) 2 bedroom + 1 bath unit, and (4) 1 bedroom + 1 bath unit plus (1) Non Conforming 1 bedroom + 1 bath unit.

    Sold by Ashley Pratt of Keller Williams South Bay.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-28T13:30:11.147. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/101873244

    11936 Grevillea Avenue Hawthorne, CA 90250

    • Price: $1,625,000
    • Status: Closed
    • Updated: 31 min ago
    • ID#: SB19284978
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    5,971
    SQFT
    $266
    $/SQFT
    1962
    Built
    Neighborhood:
    108 - North Hawthorne
    County:
    Los Angeles
    Area:
    108 - North Hawthorne
    Property Description
    Great investment opportunity with a tremendous 28% upside in rents. This property is in close proximity to the New Sofi Stadium development in Inglewood and within minutes from Los Angeles International Airport. This seven-unit apartment building features (1) 3 bedroom + 2 bath townhome style unit with its own garage, (2) 2 bedroom + 1 bath unit, and (4) 1 bedroom + 1 bath unit plus (1) Non Conforming 1 bedroom + 1 bath unit.
    Exterior Features

    Carport Spaces 6.00 Garage Spaces 1.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 596 Average1 Bed Area Units Square Feet Average2 Bed Area 898 Average2 Bed Area Units Square Feet Average3 Bed Area 1195 Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.73 Community Features GuttersSidewalksUrban Country Us Electric Expense 2096.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 124944.00 Gross Multiplier 14.30 Gross Scheduled Income 124944.00 Insurance Expense 2388.00 Land Lease YN No Laundry YN Yes Maintenance Expense 4320.00 Net Operating Income 76867.00 New Construction YN No New Taxes Expense 19421.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 46562.00 Professional Management Expense 5680.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 9467.00 Total Expenses 46661.00 Trash Expense 2339.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3902.00 Water Source Public Year Built Source Assessor Zoning Har3yy

    Listing provided courtesy of Edmon Lee of Lee Commercial Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-28T13:30:11.147. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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