Hawthorne, CA 90250
4035 West 132nd Street is an 8 unit multi-family property located in the sought after South Bay city of Hawthorne. There is no rent control in Hawthorne allowing a new owner to take advantage of the significant upside that exists in the current rents. The unit mix consists of 4-1BR/1BA and 4-2BR/1BA. With realistic rent increases a new owner can realize over 16% upside. The subject property was originally built in 1962. Total building square footage is 6,074 sq ft and the units sit on a large 9,202 sq ft lot. The asset has been very well maintained by current ownership with no known deferred maintenance. There is an onsite laundry facility with leased machines and ample parking in the form of rear carports. The units are individually metered for gas and electricity and there is one water heater. 4035 West 132nd Street represents an excellent opportunity for an astute investor or the perfect upleg for an exchange buyer.
Brian Estes with Re/Max Commercial & Investment
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