Large 5-Units In Hawthorne! | 12701 Cranbrook Ave
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Large 5-Units In Hawthorne! 12701 Cranbrook Ave
5 Unit Apartment Building $1,250,000 ($250,000/Unit) 5.81% Cap Rate Hawthorne, CA 90250
Investment Highlights
- Pride Of Ownership | Upside in Rents
- Some Renovations Completed In 2024
- Unit Mix: 1- 3bed/2bath, 1- 2bed/1bath, 3-1bed/1bath
- 4,170 Rental Sq. Ft. | 6,688 Sq. Ft. Lot
- Tenants Enjoy Onsite Carport Parking & Laundry Facility
- Close to Manhattan Beach, SOFI Stadium and LAX Airport
Executive Summary
5-unit apartment building with $8,900 monthly income. Prime Hawthorne location near the 105 freeway and Hawthorne Airport. The property features a great bed/bath mix of 3 bedroom, 2 bedroom and 1 bedroom units. A total of 8 bedrooms, 6 bathrooms, 5 carports, and a shared laundry area. Sitting on a spacious 6,687 sq ft lot with a 4,170 sq ft building. A similar 5-plex with "tons of deferred maintenance" just closed for $1,350,000 at 11708 Birch Ave, Lynwood.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$106,800
|
$25.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,800
|
$25.61
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $106,800 |
| Annual Per SF | $25.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $106,800 |
| Annual Per SF | $25.61 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.81% | Building Size | 4,170 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Price | $1,250,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Gross Rent Multiplier | 11 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,170 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.2/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,500 | - |
| 1+1 | 3 | $1,500 | - |
| 2+1 | 1 | $1,900 | - |
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PROPERTY TAXES
| Parcel Number | 4049-014-018 | Improvements Assessment | $500,000 (2024) |
| Land Assessment | $795,000 (2024) | Total Assessment | $1,295,000 (2024) |
PROPERTY TAXES
Parcel Number
4049-014-018
Land Assessment
$795,000 (2024)
Improvements Assessment
$500,000 (2024)
Total Assessment
$1,295,000 (2024)
zoning
| Zoning Code | HAR3YY |
| HAR3YY |
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Large 5-Units In Hawthorne! | 12701 Cranbrook Ave
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