Active

13605 Cerise AVE

HAWTHORNE CA, 90250

$3,995,000


$310.07 per sqft

Active

8 Beds

6 Baths

12,884 sqft

Multi-family

Built in 1986

We are pleased to announce that we have just listed 13605 Cerise Ave., Hawthorne, CA, which is a beautiful 3-story, 15-unit apartment building built in 1986. This is the first time the property has been on the market, originally developed by the seller. The owner recently installed a brand-new roof and painted the entire building. The units are huge (averaging 858 sq. ft.) and very well laid out. The unit mix consists of 1-3bd/2ba townhouse unit, 1-2bd/1ba unit, 1-2bd/2ba unit, and 12-large 1bd/1ba units. The units have expansive city views. There is abundant parking at the property, with one enclosed garage spot, 21 tuck under spaces and 5 car port parking spaces at the rear of the property. Due to the ample parking, a buyer should be able to explore the possibility of converting the car port and building 1 or 2 ADU. The front townhouse unit has a nice, fenced yard that will be delivered vacant. There is a large laundry room on the ground floor. The parking lot is secured with a remote opener for the convenience of the tenants. The area surrounding the property consists of single-family homes and small to mid-sized apartment buildings. The property is located approximately 2 miles from both the 105 and 405 Freeways, which provide quick access to major employment centers throughout the area, including LAX, Inglewood, Gardena, the Beach Cities, the Westside and Downtown LA. The subject property also benefits from its close proximity to the SpaceX Research and Development Center. The property is listed at $3,995,000, which is well below replacement cost at $310.07 per sq. ft. and $266,333 per unit. The property is listed just under a 5% cap rate and should deliver a solid cash flow with rent upside. Offering Memorandum included as a supplement to this listing.

SB24182655MR

MLS ID

September 3, 2024

Listed

October 2, 2024

Updated

Map

13605 Cerise AVE
HAWTHORNE CA, 90250

Interior Features

Total Stories

3


Bedrooms

8


Total Bathrooms

6


Laundry Description

Laundry Area


Fireplace

No


Fireplace Description

None


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.31 Acres


Sewer

Public Sewer

Other Property Details

Area Name

East Hawthorne


Days on Market

8


Garage

Yes


Garage Spaces

1


Parking

Carport, Garage


Parking Total

6


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

HAR3*

Listed by Martin Ensbury with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-546-8133 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Alysia Caldwell | CA DRE# 02167945 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/2024

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