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.
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.
Property Details
Price:
$1,299,000
MLS #:
SB24206132
Status:
Pending
Baths:
0
Address:
4020 W 137th Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
109ramonaburleigh
City:
Hawthorne
Listed Date:
Oct 4, 2024
State:
CA
ZIP:
90250
Lot Size:
8,704 sqft / 0.20 acres (approx)
Year Built:
1960
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Mortgage Calculator
Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Wall Furnace
Interior Features
Ceiling Fan(s), Copper Plumbing Partial
Exterior
Community Features
Park, Sidewalks
Garage Spaces
3.00
Lot Features
Back Yard, Front Yard, Lawn, Level with Street, Yard
Parking Features
Garage, Shared Driveway
Parking Spots
3.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected
Map
Community
- Address4020 W 137th Street Hawthorne CA
- Area109 – Ramona/Burleigh
- CityHawthorne
- CountyLos Angeles
- Zip Code90250
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Courtesy of Buckingham Investments, 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.4020 W 137th Street
Hawthorne, CA
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