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12606 Doty AVE Hawthorne, CA 90250
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Key Details
Sold Price $1,300,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,843 sqft
Price per Sqft $338
MLS Listing ID SB24038244
Sold Date 10/23/24
HOA Y/N No
Year Built 1948
Annual Tax Amount $16,065
Tax Year 2024
Lot Size 6,751 Sqft
Property Description
Major price revision & updated lending packages! 5 unit apartment building in Hawthorne. Surging rental pocket commanding top rents. In Proximity To SpaceX, Major Local/National Employers, Common Space and Los Angeles Ale Works, & Several New and Exciting Commercial Development Projects. The property layout is (1) 2 bed/1 bath front attached house, (3) 1 bed/1 bath units, and (1) 2 bed/1 bath unit. 4 of 5 units have been nicely rehabbed. Newer roof and master water heater. Copper plumbing throughout. Upgraded electrical panels, new exterior lighting and seismic shut-off valves. Dedicated carport parking for each unit & laundry room. Strong day 1 cash flow with additional rental upside: 5.30% Cap Rate, 6.02% Proforma. Well located just east of Prairie between Jack Northrop Avenue & West El Segundo Boulevard. Access to the 105 and 405 Freeways.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning HAR3YY
Rooms
Ensuite Laundry Laundry Room, See Remarks
Interior
Laundry Location Laundry Room,See Remarks
Fireplace No
Laundry Laundry Room, See Remarks
Exterior
Carport Spaces 5
Pool None
Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks, Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 4049001034
Energy Description 2100.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Jonathan Rawson • Avenue Realty Group
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