13314 Cordary Ave - Multi-Family FOR SALE


Hawthorne, CA 90250
$1,495,000 USD
310-561-2384
13314 Cordary Ave, Hawthorne, CA for Sale
$1,495,000 USD
Multi-Family - FOR SALE
1/8
null | Request Cap Rate

13314 Cordary Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • Spacious Four-Unit Property – 4,032 sq. ft. of living space on a 5,600 sq. ft. lot in a high-demand rental market.
  • Desirable Unit Mix – (2) 3-bed, 2-bath units with in-unit washer/dryer, (1) 2-bed, 1-bath unit, and (1) 1-bed, 1-bath unit.
  • Prime Location – Minutes from SpaceX, SoFi Stadium, Intuit Dome, and Kia Forum, with easy access to major employment & entertainment.
  • Value-Add Potential – 41% Rental Upside & room to build two ADUs in the back, increasing rental income and property value.
  • Favorable Rental Regulations – No local rent control, defaulting to AB 1482 statewide rent control, allowing for greater flexibility in rent increases
  • Strong Investment Potential – Located in a rapidly growing area with long-term appreciation and income potential.

OVERVIEW

Situated at 13314 Cordary Ave in Hawthorne, this four-unit apartment building offers 4,032 square feet of living space on a 5,600-square-foot lot in a thriving, high-demand market. Just minutes from SpaceX, SoFi Stadium, Intuit Dome, and Kia Forum, the location provides easy access to major job centers, entertainment, and transportation. The property features (2) spacious 3-bedroom/2-bath units, each equipped with in-unit washer and dryer—perfect for maximizing rental income or an owner-occupant. It also includes (1) 2-bedroom/1-bath unit and (1) 1-bedroom/1-bath unit. The property presents a strong investment opportunity with a current cap rate of 4.11% with still 41% rental upside and market cap rate of 6.54%. Furthermore, its priced at an attractive price per square foot metric, sitting 16.35% below the averages of what has sold in the area. Additionally, there’s room to build two ADUs in the back, creating even more potential to add value and boost rental income. With no local rent control, the property defaults to AB 1482 statewide rent control, allowing for greater flexibility in rent increases and providing a more investor-friendly environment.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

4

PRICE/UNIT

$373,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

HAR3YY

APN/PARCEL ID

4050-024-016

ASK ABOUT THIS PROPERTY

David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

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