Pride of Ownership - HUGE Rental Units! | 3301 W 139th St
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Pride of Ownership - HUGE Rental Units! 3301 W 139th St
9 Unit Apartment Building $2,495,000 ($277,222/Unit) 4.56% Cap Rate Hawthorne, CA 90250
Investment Highlights
- 1980's Construction - For Sale By Original Builder
- Huge Units Nearly 1,000 Sq. Ft. Each |
- Gated Entry & Parking | Ample Covered Space Parking - Some Units with 2 Assigned Spaces
- 8,782 Rental Sq. Ft. | 8,940 Sq. Ft. Lot
- All 1-Bedroom/1-Bathroom Units
- Tenants Enjoy: Intercom Entry System, Onsite Laundry Facility, Dishwashers & Stoves Provided by the Owner Updated Copper Plumbing & Main Sewer Line
Executive Summary
Kristopher German of The Apartment Dealer is proud to exclusively offer for sale a meticulously maintained 9 unit multi-family property for sale in the city of Hawthorne, now offered for sale by the original builder. Constructed in 1986, this pride of ownership asset features a collection of nine LARGE units, each nearly 1,000 square feet in size, all configured as 1-bedroom/1-bathroom layouts. This provides a rare opportunity for an investor to acquire a well-established property directly from the hands that built it.
The complex spans a total of 8,742 rental square feet on an 8,940 square foot lot. Residents benefit from secured gated entry and ample covered parking, with some units boasting two assigned spaces. Each apartment is equipped with modern conveniences such as an intercom entry system, an onsite laundry facility, and dishwashers and stoves provided by the owner, ensuring a comfortable and convenient living experience.
Located in close proximity to key attractions and destinations such as Manhattan Beach, Sofi Stadium, and LAX Airport, the property is ideally situated to attract and retain tenants seeking the lifestyle and convenience that the vibrant Hawthorne area offers. With nearly 20% upside in rental income, this investment is perfect for investors looking to own a well-cared-for property that is poised for revenue growth and appreciation.
The complex spans a total of 8,742 rental square feet on an 8,940 square foot lot. Residents benefit from secured gated entry and ample covered parking, with some units boasting two assigned spaces. Each apartment is equipped with modern conveniences such as an intercom entry system, an onsite laundry facility, and dishwashers and stoves provided by the owner, ensuring a comfortable and convenient living experience.
Located in close proximity to key attractions and destinations such as Manhattan Beach, Sofi Stadium, and LAX Airport, the property is ideally situated to attract and retain tenants seeking the lifestyle and convenience that the vibrant Hawthorne area offers. With nearly 20% upside in rental income, this investment is perfect for investors looking to own a well-cared-for property that is poised for revenue growth and appreciation.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$173,040
|
$19.70
|
| Other Income |
$1,800
|
$0.20
|
| Vacancy Loss |
$5,245
|
$0.60
|
| Effective Gross Income |
$169,595
|
$19.31
|
| Taxes |
$29,546
|
$3.36
|
| Operating Expenses |
$26,345
|
$3.00
|
| Total Expenses |
$55,891
|
$6.36
|
| Net Operating Income |
$113,704
|
$12.95
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $173,040 |
| Annual Per SF | $19.70 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.20 |
| Vacancy Loss | |
|---|---|
| Annual | $5,245 |
| Annual Per SF | $0.60 |
| Effective Gross Income | |
|---|---|
| Annual | $169,595 |
| Annual Per SF | $19.31 |
| Taxes | |
|---|---|
| Annual | $29,546 |
| Annual Per SF | $3.36 |
| Operating Expenses | |
|---|---|
| Annual | $26,345 |
| Annual Per SF | $3.00 |
| Total Expenses | |
|---|---|
| Annual | $55,891 |
| Annual Per SF | $6.36 |
| Net Operating Income | |
|---|---|
| Annual | $113,704 |
| Annual Per SF | $12.95 |
Property Facts Under Contract
| Price | $2,495,000 | Apartment Style | Low Rise |
| Price Per Unit | $277,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.56% | Building Size | 8,782 SF |
| Gross Rent Multiplier | 14.27 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 1.71/1,000 SF |
| Price | $2,495,000 |
| Price Per Unit | $277,222 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 14.27 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,782 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.71/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,625 | - |
Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 4052-007-012 | Total Assessment | $903,979 (2024) |
| Land Assessment | $182,006 (2024) | Annual Taxes | $29,546 ($3.36/SF) |
| Improvements Assessment | $721,973 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
4052-007-012
Land Assessment
$182,006 (2024)
Improvements Assessment
$721,973 (2024)
Total Assessment
$903,979 (2024)
Annual Taxes
$29,546 ($3.36/SF)
Tax Year
2023
zoning
| Zoning Code | HAR3* (Multiple Dwelling) |
| HAR3* (Multiple Dwelling) |
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Pride of Ownership - HUGE Rental Units! | 3301 W 139th St
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