Discover this large 4-unit property located in the city of Hawthorne. Situated on a 6,119 SF lot with 5,008 RSF, this property features a strong unit mix of (3) 3-bed/2-bath unit and (1) 2-bed/1-bath unit. Offering a 4.31% CAP rate and 14.31 GRM, the property also boasts 45% rental upside with a 7.36% market CAP and 9.86 market GRM, making it an exceptional value-add opportunity. Additional amenities include carport parking for 8 vehicles and shared laundry facilities. Ideally located just down the street from Hawthorne Memorial Park, SpaceX, and Chester Washington Golf Course, this property is well-positioned in a gentrifying market with strong long-term potential.
Property Details
Price:
$1,450,000
MLS #:
SB25030929
Status:
Active
Baths:
0
Address:
12717 Cranbrook Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
110easthawthorne
City:
Hawthorne
Listed Date:
Feb 12, 2025
State:
CA
ZIP:
90250
Lot Size:
6,119 sqft / 0.14 acres (approx)
Year Built:
1964
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Schools
Interior
Exterior
Community Features
Biking
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
11.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address12717 Cranbrook Avenue Hawthorne CA
- Area110 – East Hawthorne
- CityHawthorne
- CountyLos Angeles
- Zip Code90250
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12717 Cranbrook Avenue
Hawthorne, CA
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