12914 Doty Ave - Apartments FOR SALE


Hawthorne, CA 90250
$6,250,000 USD
424-405-3826
12914 Doty Ave, Hawthorne, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/7
null | 6% Cap Rate

12914 Doty Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • 22-Unit Apartment Building With Four New ADU’s Offered at a 6.00 Percent Current Cap Rate
  • 1985 Construction With One Two-Bedroom Unit, 14 One-Bedroom Units, Three Studios, and Four Brand New Two- Bedroom ADU’s
  • RUBS Program Significantly Reduces Owner Utility Expenses
  • Amenities Include On-Site Laundry, Ample On-Site Parking and Controlled Access
  • Recent Improvements Include Interior Upgrades, Laminate Flooring and Plumbing Upgrades

OVERVIEW

Marcus & Millichap is pleased to present to market the 22-unit apartment building located at 12914 Doty Avenue in Hawthorne, California. This 1985 construction boasts near-market rents and four newly constructed ADU’s, making it a great acquisition opportunity for an investor looking for a newer constructed asset with attractive in-place cash flow. Furthermore, an in-place RUBS program significantly reduces owner expenses. 12914 Doty Avenue features a mix of three studios, 14 one-bed/one-bath units, one two-bed/one-bath unit, and four two-bed/one-bath ADU’s. The property also offers controlled access, on-site laundry, and ample parking. The property is well-located in Hawthorne, a majority-renter market, one block from Kornblum Elementary School and Hawthorne Memorial Park, conveniently near major employers such as SpaceX and the Hawthorne Airport, and proximate to freeways.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$598 USD /SF

# OF UNITS

22

PRICE/UNIT

$284,091

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12914 Doty Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R3, Hawthorne

APN/PARCEL ID

4050-010-021

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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