$1,299,000
$1,299,000
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8,703 Sqft Lot
SOLD DATE : 11/22/2024
Key Details
Sold Price $1,299,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24206132
Sold Date 11/22/24
HOA Y/N No
Year Built 1960
Lot Size 8,703 Sqft
Property Description
Welcome to 4020 W 137th St, Hawthorne, CA – a prime triplex investment on a huge 8,700 SF lot with plenty of value-add opportunities. The front home is a 3-bedroom 2-bath with a spacious living room, separate dining area, a large private yard, and an attached garage. The middle home is a 2-bedroom 1-bath with a large living room, a big kitchen, a dining area, and an attached garage. The back home is also a 2-bedroom 1-bath with a large private yard in the back. Investors may explore converting garages into an ADU or an attached ADU in the back yard (buyer to verify).
The property currently generates $7,200/mo with 17% upside in rents, an actual GRM of 15.0 and a cap rate of 3.8%, with pro forma projections improving to a 12.8 GRM and 4.8% cap rate. Adding an ADU (buyer to verify) could unlock further potential, making it an outstanding long-term investment in a desirable rental neighborhood with low vacancy.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Zoning HAR3YY
Interior
Interior Features Ceiling Fan(s), All Bedrooms Down
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry In Garage
Exterior
Garage Garage, Shared Driveway
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Park, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Shingle
Total Parking Spaces 3
Private Pool No
Building
Lot Description Back Yard, Front Yard, Lawn, Street Level, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4045031041
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Edith Saavedra • Casa Bella Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "