12612 Cranbrook Avenue

    Hawthorne, CA 90250
    • $1,350,000
    • STATUS: Active
    • ON SITE: 62 days
    • ID#: PW19164721
    UPDATED: 48 min ago
    $1,350,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,720
      SQFT
    • $286
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    12612 Cranbrook Avenue is a five-unit** apartment building in Hawthorne, California. This offering presents a great opportunity for an investor to acquire a desirable well-maintained asset in a strong rental market that provides steady cash flow and has 16 percent potential upside in rents.12612 Cranbrook Avenue is a 1941 construction building with one two-bed/one-bath unit (850 SF), two two-bed/one-and-one-half bath units (1,400 SF), one one-bed/one-bath unit with a den (1,350 SF), and one non-conforming studio. Both of the two-bed/one-and-one-half-bath units have two patios and a fireplace. The units are separately metered for gas and electricity, all units except for the studio have forced air/heating, and the building has copper plumbing. The property also offers two two-car garages, four carport parking spaces, and on-site laundry. The property is well-located in Hawthorne one block from Kornblum Elementary, one mile from major employers SpaceX and the Hawthorne Municipal Airport, and just over a mile from the 105 Freeway. This area is a non-rent controlled majority-renter market where nearly 80 percent of housing units are renter-occupied, with vacancy rates below three percent.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-16T08:26:59.693. 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/96915635

    12612 Cranbrook Avenue Hawthorne, CA 90250

    • Price: $1,350,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: PW19164721
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,720
    SQFT
    $286
    $/SQFT
    1941
    Built
    Neighborhood:
    110 - East Hawthorne
    County:
    Los Angeles
    Area:
    110 - East Hawthorne
    Property Description
    12612 Cranbrook Avenue is a five-unit** apartment building in Hawthorne, California. This offering presents a great opportunity for an investor to acquire a desirable well-maintained asset in a strong rental market that provides steady cash flow and has 16 percent potential upside in rents.12612 Cranbrook Avenue is a 1941 construction building with one two-bed/one-bath unit (850 SF), two two-bed/one-and-one-half bath units (1,400 SF), one one-bed/one-bath unit with a den (1,350 SF), and one non-conforming studio. Both of the two-bed/one-and-one-half-bath units have two patios and a fireplace. The units are separately metered for gas and electricity, all units except for the studio have forced air/heating, and the building has copper plumbing. The property also offers two two-car garages, four carport parking spaces, and on-site laundry. The property is well-located in Hawthorne one block from Kornblum Elementary, one mile from major employers SpaceX and the Hawthorne Municipal Airport, and just over a mile from the 105 Freeway. This area is a non-rent controlled majority-renter market where nearly 80 percent of housing units are renter-occupied, with vacancy rates below three percent.
    Exterior Features

    Carport Spaces 4.00 Garage Spaces 4.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.61 Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 88200.00 Gross Multiplier 15.31 Gross Scheduled Income 88200.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 62243.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 0 Operating Expense 28963.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 28963.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Har3*

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-16T08:26:59.693. 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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