Hawthorne, CA 90250,4020 W 137th ST
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Hawthorne, CA 90250,4020 W 137th ST
Hawthorne, CA 90250,4020 W 137th ST
Hawthorne, CA 90250,4020 W 137th ST
Hawthorne, CA 90250,4020 W 137th ST

$1,299,000

Est. payment /mo

$1,299,000

Est.Price: ?

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4020 W 137th ST Hawthorne, CA 90250

8,704 Sqft Lot

SOLD DATE : 11/22/2024

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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MLS Listing IDX PLUS
Listed by Christopher Crosby • Buckingham Investments, Inc
Bought with Edith Saavedra

The Walker Team

Agent | License ID: 01244287

+1(650) 383-7298

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