13632 Cerise Ave - Apartments FOR SALE


Hawthorne, CA 90250
$2,799,000 USD
310-954-0808
13632 Cerise Ave, Hawthorne, CA for Sale
$2,799,000 USD
Apartments - FOR SALE
1/24
null | 3.79% Cap Rate

13632 Cerise Ave
Hawthorne, CA 90250


OVERVIEW

Located in the transitional Hawthorne, that has been going through development and gentrification over the last 5-10 years. This property benefits from a strategic location with proximity to major highways, public transportation, schools, and shopping centers. Investor can increase rents on 3 out of the 6 units to increase the return on investment or an investor can sell each unit individually for a higher return on investment. Hawthorne has a stable rental market with a strong demand for housing making this property a solid investment choice and further stabilized via regular tenancy leases. Hawthorne benefits from a diverse local economy with opportunities in retail, healthcare, education, and manufacturing, ensuring a steady pool of potential tenants. The property has historically maintained low vacancy rates due to its attractive location and well-maintained units. With .44 of an acre of land, there is potential of development for a higher density. Please check with the City of Hawthorne and or your desired professionals.

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$562 USD /SF

# OF UNITS

6

PRICE/UNIT

$466,500

CAP RATE

3.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cerise Patio Home Condos

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R3, Hawthorne

APN/PARCEL ID

4052-005-063,4052-005-064,4052-005-065,4052-005-066,4052-005-067,4052-005-068

ASK ABOUT THIS PROPERTY

Fred NabatiTrimax Realty, Inc.More Info
310-954-0808

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

Fred NabatiTrimax Realty, Inc.More Info
310-954-0808

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