Located in the transitional Hawthorne, that has been going through development and gentrification over the last 5-10 years. This property benefits from a strategic location with proximity to major highways, public transportation, schools, and shopping centers. Investor can increase rents on 3 out of the 6 units to increase the return on investment or an investor can sell each unit individually for a higher return on investment. Hawthorne has a stable rental market with a strong demand for housing making this property a solid investment choice and further stabilized via regular tenancy leases. Hawthorne benefits from a diverse local economy with opportunities in retail, healthcare, education, and manufacturing, ensuring a steady pool of potential tenants. The property has historically maintained low vacancy rates due to its attractive location and well-maintained units. With .44 of an acre of land, there is potential of development for a higher density. Please check with the City of Hawthorne and or your desired professionals.
Property Details
Price:
$2,799,000
MLS #:
24441719
Status:
Active
Baths:
0
Address:
13632 Cerise Avenue
Type:
Residential Income
Neighborhood:
110easthawthorne
City:
Hawthorne
Listed Date:
Sep 20, 2024
State:
CA
ZIP:
90250
Lot Size:
19,529 sqft / 0.45 acres (approx)
Year Built:
1959
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Oven, Gas Oven, Gas Cooktop
Cooling
None
Fireplace Features
None
Flooring
Laminate
Heating
Wall Furnace
Exterior
Foundation Details
Slab
Garage Spaces
6.00
Lot Features
Value In Land
Parking Features
Assigned, Covered
Parking Spots
6.00
Roof
Composition, Shingle
Security Features
Smoke Detector(s), Gated Community, Carbon Monoxide Detector(s)
Sewer
Other
View
None
Water Source
Public
Financial
Tenant Pays
Cable T V, Gas, Electricity, Insurance, Other, Trash Collection
Map
Community
- Address13632 Cerise Avenue Hawthorne CA
- Area110 – East Hawthorne
- CityHawthorne
- CountyLos Angeles
- Zip Code90250
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Courtesy of Trimax Realty, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
13632 Cerise Avenue
Hawthorne, CA
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