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12828 Doty AVE Hawthorne, CA 90250
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Key Details
Sold Price $1,115,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB19170178
Sold Date 11/08/19
HOA Y/N No
Year Built 1990
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Excellent income property opportunity with this fully-occupied building in the rising city of Hawthorne. This 1990-built triplex offers highly sought after townhouse-style units that command premium rents. There are two 3-bed/2.5-bath over-sized units with kitchen and living quarters below with half bathroom and three bedrooms/two bathrooms upstairs that sport a master bedroom with ensuite bath. The front unit (shown in the listing pictures) has been completely rehabbed and was rented less than a week. The back unit is 2-bedroom/2-bathroom on one private second-story level that can be brought much higher from its current rent. Each unit comes with two covered carport parking spaces and access to a shared community laundry room. The current CAP is an attractive 4.87% return with loads of upside to a market CAP between 5.5% and 6%, if you choose to rehab the remaining two units. A very easy to manage property that is NOT rent-controlled and has great potential growth prospects fueled by SpaceX and the growing Hawthorne airport. This property offers a compelling current CAP with fabulous upside, premium townhome-style units, and a price per square foot under $300...this is an income opportunity that will not last.
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Zoning HAR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 6
Pool None
Community Features Suburban
Total Parking Spaces 6
Private Pool No
Building
Lot Description Lawn
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4050010009
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Cristina Warfield • Compass