12712 Menlo Ave - Apartments FOR SALE


Hawthorne, CA 90250
$4,050,000 USD
626-898-2308
12712 Menlo Ave, Hawthorne, CA for Sale
$4,050,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

12712 Menlo Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • 3 CAR GARAGE EACH
  • +/- 1,592 SF EACH TOWNHOMES
  • OPPORTUNITY TO DO A CONDO CONVERSION CURRENTLY ON ONE PARCEL
  • Washer/Dryer hooked up in each unit
  • Individually metered gas and electricity
  • AC/Heat, Gated and with Yard

OVERVIEW

5 Freestanding Townhomes on 1 Lot Coldwell Banker Commercial is proud to present 12712-12714 Menlo Avenue located in a highly desirable area of Hawthorne, minutes from the 105 and 405 interchange. It’s an incredible opportunity for an investor to take these 5 freestanding townhomes on 1 parcel/APN number and do a condo-conversion to potentially sell each unit separately allowing for tremendous upside.* The Seller has also purposely kept one unit vacant, allowing for an exceptional opportunity for a Buyer to inhabit 12712B immediately and manage the other units as passive income. A Buyer can capitalize on the fact that each unit is on Month-to-Month and the rental rates can be updated to market rates. It is good to note that the City of Hawthorne has no rent control. On the market for the first time, this townhome development was built in 2011 and is regarded as having some of the best construction in Hawthorne. Each townhome has the same floorplan, each boasting 3 Bedrooms and 2.5 Bathrooms. They have spacious master suites that include a private balcony, walk-in closet, jacuzzi tub, walk-in shower, double sink, en-suite fireplace and cathedral ceilings. All three bedrooms are located upstairs with a loft and Cathedral ceilings all throughout. There is a service porch which provides nice natural lighting and fresh air in the Loft. The Living Room has an inviting fireplace, and there are in-unit washer and dryer connections. Additionally, each Townhome has a yard and a highly coveted private 3-car attached garage with direct access to the unit providing an extra layer of comfort and security. * To be independently verified by Buyer

FOR SALE DETAILS

PRICE

$4,050,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

5

PRICE/UNIT

$810,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Menlo Gardens - 12712 - 12714 Menlo Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2011

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,327 SF

ZONING

HAR3YY

APN/PARCEL ID

4046-027-034

ASK ABOUT THIS PROPERTY

Kathi Constanzo, CCIMColdwell Banker Commercial RealtyMore Info
626-898-2308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kathi Constanzo, CCIMColdwell Banker Commercial RealtyMore Info
626-898-2308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.