Turn-Key 1985 Construction | 5.23% CAP Rate! | 4360 W 137th St
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Turn-Key 1985 Construction | 5.23% CAP Rate! 4360 W 137th St
10 Unit Apartment Building $2,850,000 ($285,000/Unit) 5.23% Cap Rate Hawthorne, CA 90250
Investment Highlights
- PRIDE OF OWNERSHIP ASSET! | 1980's Construction - For Sale By Original Builder
- Very Desirable Unit Mix: (6) 2-Bed + 2-Full Bath Units, (1) 2-Story Townhouse (1-Bed\Home Office+2-Full Baths), & (3) 1-Bed + 1-Bath Units
- Tenants Enjoy: Intercom Entry System, Onsite Laundry Facility, Dishwashers & Stoves Provided by the Owner
- 7,752 Rental Sq. Ft. | 8,711 Sq. Ft. Lot
- Gated Entry & Parking | Ample Covered Space Parking - Some Units with 2 Assigned Spaces
- Close Proximity to Manhattan Beach, Sofi Stadium & LAX
Executive Summary
Kristopher German of The Apartment Dealer is proud to present a meticulously maintained multi-family property in Hawthorne, now offered for sale by the original builder. Built in the 1980s, this asset features a desirable unit mix spread across 7,752 rental square feet on an 8,711 square foot lot. The unit configuration includes 6 (2-Bedroom/2-Bathroom) units, a unique Two-Story Townhouse unit that offers 1 Bedroom with an additional room that can be utilized as a home office or even a 2nd Bedroom and 2 full Bathrooms, and 3(1-Bedroom/1-Bathroom) units.
Residents enjoy private gated entry and ample covered parking, with some units benefiting from two assigned spaces. The building is equipped with an intercom entry system, enhancing security and convenience. Each unit is also outfitted with essential appliances provided by the owner, including dishwashers and stoves. An onsite laundry facility adds to the daily convenience for tenants.
Located within close proximity to key attractions such as Manhattan Beach, Sofi Stadium, and LAX Airport, this property offers a blend of suburban tranquility and urban accessibility, making it highly attractive to prospective tenants. This investment opportunity is ideal for those looking to acquire a well-maintained property, with a stable rental history, and potential for future growth.
Residents enjoy private gated entry and ample covered parking, with some units benefiting from two assigned spaces. The building is equipped with an intercom entry system, enhancing security and convenience. Each unit is also outfitted with essential appliances provided by the owner, including dishwashers and stoves. An onsite laundry facility adds to the daily convenience for tenants.
Located within close proximity to key attractions such as Manhattan Beach, Sofi Stadium, and LAX Airport, this property offers a blend of suburban tranquility and urban accessibility, making it highly attractive to prospective tenants. This investment opportunity is ideal for those looking to acquire a well-maintained property, with a stable rental history, and potential for future growth.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$212,520
|
$21.95
|
| Other Income |
$1,200
|
$0.12
|
| Vacancy Loss |
$6,412
|
$0.66
|
| Effective Gross Income |
$207,308
|
$21.41
|
| Taxes |
$33,750
|
$3.49
|
| Operating Expenses |
$24,585
|
$2.54
|
| Total Expenses |
$58,335
|
$6.03
|
| Net Operating Income |
$148,973
|
$15.39
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $212,520 |
| Annual Per SF | $21.95 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.12 |
| Vacancy Loss | |
|---|---|
| Annual | $6,412 |
| Annual Per SF | $0.66 |
| Effective Gross Income | |
|---|---|
| Annual | $207,308 |
| Annual Per SF | $21.41 |
| Taxes | |
|---|---|
| Annual | $33,750 |
| Annual Per SF | $3.49 |
| Operating Expenses | |
|---|---|
| Annual | $24,585 |
| Annual Per SF | $2.54 |
| Total Expenses | |
|---|---|
| Annual | $58,335 |
| Annual Per SF | $6.03 |
| Net Operating Income | |
|---|---|
| Annual | $148,973 |
| Annual Per SF | $15.39 |
Property Facts Under Contract
| Price | $2,850,000 | Apartment Style | Low Rise |
| Price Per Unit | $285,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.23% | Building Size | 7,752 SF |
| Gross Rent Multiplier | 13.34 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 2.32/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,850,000 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| Gross Rent Multiplier | 13.34 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,752 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.32/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | $1,865 | - |
| 1+1 | 4 | $1,605 | - |
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 4045-009-029 | Total Assessment | $349,495 (2024) |
| Land Assessment | $106,479 (2024) | Annual Taxes | $33,750 ($4.35/SF) |
| Improvements Assessment | $243,016 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
4045-009-029
Land Assessment
$106,479 (2024)
Improvements Assessment
$243,016 (2024)
Total Assessment
$349,495 (2024)
Annual Taxes
$33,750 ($4.35/SF)
Tax Year
2023
zoning
| Zoning Code | HAR3YY (Multiple Dwelling) |
| HAR3YY (Multiple Dwelling) |
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Turn-Key 1985 Construction | 5.23% CAP Rate! | 4360 W 137th St
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