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4020 W 137th St

3 Unit Apartment Building $1,299,000 ($433,000/Unit) 3.75% Cap Rate Hawthorne, CA 90250

Investment Highlights

  • Fantastic Unit Mix: (1) 3-bedroom 2-bath and (2) 2-bedroom 1-bath units
  • Parking: (3) 1-car garages, may have potential for conversion into a studio ADU (buyer to verify)
  • Great Tenants that have a perfect track record of timely rent payments
  • Strong Rental Income of $7,200/mo with 14% upside in rental income
  • Prime Location: Across from Prairie Vista Middle School, easy access to the 405 and 105 freeways, just 15 minutes from the beach and LAX
  • Large Front & Back Yards, may have potential for an addition (buyer to verify)

Executive Summary

Property Highlights:
- Fantastic Unit Mix: (1) 3-bedroom 2-bath and (2) 2-bedroom 1-bath units.
- Strong Rental Income of $7,200/mo with 14% upside in rental income.
- Parking: (3) 1-car garages, may have potential for conversion into an ADU (buyer to verify).
- Large Front & Back yards, may have potential for an addition (buyer to verify).
- Prime Location: Across from Prairie Vista Middle School, easy access to the 405 and 105 freeways, just 15 minutes from the beach and LAX.
- Great Tenants with a track record of timely rent payments.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,299,000
Price Per Unit $433,000
Sale Type Investment
Cap Rate 3.75%
Gross Rent Multiplier 15
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.20 AC
Building Size 2,992 SF
Average Occupancy 100%
No. Stories 1
Year Built 1960
Parking Ratio 1/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 $3,000 -
2+1 2 $2,450 -
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code HAR3YY
HAR3YY
  • Listing ID: 33237489

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: 4020 W 137th St, Hawthorne, CA 90250

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