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13839 Jefferson AVE Hawthorne, CA 90250
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Key Details
Sold Price $880,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV24169396
Sold Date 10/11/24
Originating Board California Regional MLS
Year Built 1941
Lot Size 8,652 Sqft
Property Description
We are excited to present a unique opportunity to purchase two detached, cottage-style units in prime Hawthorne. Each unit is situated on its own lot, with both lots adjacent to each other. Each home features 3 Bedrooms & 1 1/4 Bathrooms, together offering a total of 2,190 square feet of rental space. The homes are situated on two separate lots (2 APNs), which together encompass 8,652 square feet of land. Each cottage benefits from thoughtful upgrades such as wood laminate flooring, and newer plumbing, enhancing both aesthetics and functionality. Tenants enjoy the convenience of private garage parking and individual laundry hookups, adding significant appeal and comfort. Financially, the property is set up for success, with tenants responsible for electricity & gas, which optimizes cost-efficiency for the owner. Located in close proximity to key destinations such as Manhattan Beach, Sofi Stadium, and LAX Airport, the property benefits from its strategic positioning that offers continuous tenant demand. Most notably, there exists a significant 30% upside in rental income (a buyer can take advantage of the fact that all units are scheduled for their annual rental increase), providing a lucrative opportunity for investors to increase revenue and capitalize on the property's
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Interior
Laundry 30, Other, 38
Exterior
Garage Spaces 6.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 4045013021
Special Listing Condition Not Applicable
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Bought with BONNIE TSAI