Sold
12545 Eucalyptus Avenue
Hawthorne CA, 90250
$3,055,000
$295.60 per sqft
Sold
10,335 sqft
Condo
Built in 1960
Listed by Julie Lockwood with Re/Max Estate Properties 310-378-9889
The subject property is a two story 11 unit apartment building built in 1961. It is located west of Hawthorne Blvd , one block north of El Segundo Boulevard, one block from Eucalyptus Elementary school and Park.
The unit mix consists of ten 2 bedroom 1.5 bath townhome style floor plans, and a one 3 bedroom 2 bath unit. There are 11 carports with parking and storage for each unit. The laundry room provides additional income and all washers and dryers are included as they are owned by the seller.
The building is 100% occupied and all rents were just increased and went into effect as of January 1, 2024. Tenants pay gas and electric for their individual units. There is still another 20%-25% or more upside in rents on most units which can be achieved over time since Hawthorne does not have its own rent control ordinance. A new roof was installed in 2023 and the electrical service was upgraded as well in 2023.
This is an excellent turn key investment with significant upside.
SB24002889
MLSⓇ ID
January 4, 2024
Listed
March 28, 2024
Updated
Map
12545 Eucalyptus Avenue
Hawthorne CA, 90250
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
Yes
Fireplace Description
None
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
11-15 Units/Acre, Level, Street Level
Sewer
Public Sewer
Other Property Details
Area Name
108 - North Hawthorne
Days on Market
24
Garage
No
Parking Total
11
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
HAR3YY
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
3/9/2024 | Sold | $3,055,000 |
1/31/2024 | Pending | — |
1/30/2024 | Under Contract | — |
Listing Contact: 310-378-9889
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:34 PM UTC