$1,299,000
$1,299,000
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4020 W 137th ST Hawthorne, CA 90250
8,704 Sqft Lot
Key Details
Sold Price $1,299,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB24206132
Year Built 1960
Lot Size 8,704 Sqft
Property Description
Welcome to 4020 W 137th St, Hawthorne, CA - a prime triplex investment on a huge 8,700 SF lot with plenty of value-add opportunities. The front home is a 3-bedroom 2-bath with a spacious living room, separate dining area, a large private yard, and an attached garage. The middle home is a 2-bedroom 1-bath with a large living room, a big kitchen, a dining area, and an attached garage. The back home is also a 2-bedroom 1-bath with a large private yard in the back. Investors may explore converting garages into an ADU or an attached ADU in the back yard (buyer to verify). The property currently generates $7,200/mo with 17% upside in rents, an actual GRM of 15.0 and a cap rate of 3.8%, with pro forma projections improving to a 12.8 GRM and 4.8% cap rate. Adding an ADU (buyer to verify) could unlock further potential, making it an outstanding long-term investment in a desirable rental neighborhood with low vacancy.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Interior
Heating Wall Furnace
Cooling None
Laundry In Garage
Exterior
Garage Garage
Garage Spaces 3.0
Pool 31, None
Roof Type Shingle
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Special Listing Condition Not Applicable
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Bought with Edith Saavedra