16 bedroom house for sale

Overview

12105 York Ave is a strategically placed 9-Unit North Hawthorne. The property boasts a strong unit mix of (1) 3-Bed/2-Bath, (5) 2-Bed/2-Bath, (1) 2-Bed/1-Bath, (1) 1-Bed/1-Bath and (1) Nonconforming studio. The 8, 328 SF building sits on a 9, 844 SF lot and has (4) 2-Car garages in the back of the property providing parking for tenants. This building currently has strong in-place income of $15, 494/Mo with 35% rental upside - offering immediate value-add potential via renovations + rent increases! Sitting at a 4.38% CAP Rate and a 6.85% Market Cap, this is a great opportunity for any investor looking for a value-add building in a great neighborhood. Located in a nice pocket of Hawthorne, this property is a short distance from The SpaceX headquarters and offers easy access to the extensive retail and restaurants that Hawthorne has to offer. Considering current income, location and rental upside, 12105 York Ave Ave is a rare opportunity for any CRE Investor or exchange buyer to maximize cash flow potential w/ an appreciating asset.