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Key Details
Sold Price $1,360,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,484 sqft
Price per Sqft $247
MLS Listing ID 25483100
Sold Date 04/17/25
HOA Y/N No
Year Built 1963
Lot Size 6,956 Sqft
Property Description
We are pleased to present Menlo Avenue Apartments located in the city of Hawthorne. The 5,484 SF five unit property constructed in 1963 is comprised of one x one bedroom/one bath, two x two bedroom/one and three-quarter bath, and two x four bedroom/ one and three-quarter bath apartments. Further, the four bedroom units have laundry hookups and fireplaces. Recent capital improvements include complete renovation of units B and E in 2023. The central water heater along with the majority of the sewer line were replaced in 2022, totaling in excess of $100,000 in recent capital expenditures. Currently, 100% occupied with built-in rental upside. The property has 6 parking spaces, on-site leased laundry, and a community roof deck in the rear above the carport. The property is subject to AB 1482, and there is no local rent control in Hawthorne. Please do not walk on property, tenants are not aware of sale.
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Zoning HAR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4047005021
Special Listing Condition Standard
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Bought with Madhu Sultanipurmath • Keller Williams VIP Properties