4020 W 137th Street
Hawthorne, CA 90250
0.20 acres | #SB24206132
Description
Welcome to 4020 W 137th St, Hawthorne, CA – a prime triplex investment on a huge 8,700 SF lot with plenty of value-add opportunities. The front home is a 3-bedroom 2-bath with a spacious living room, separate dining area, a large private yard, and an attached garage. The middle home is a 2-bedroom 1-bath with a large living room, a big kitchen, a dining area, and an attached garage. The back home is also a 2-bedroom 1-bath with a large private yard in the back. Investors may explore converting garages into an ADU or an attached ADU in the back yard (buyer to verify).
The property currently generates $7,200/mo with 17% upside in rents, an actual GRM of 15.0 and a cap rate of 3.8%, with pro forma projections improving to a 12.8 GRM and 4.8% cap rate. Adding an ADU (buyer to verify) could unlock further potential, making it an outstanding long-term investment in a desirable rental neighborhood with low vacancy.
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Christopher Crosby (#SBCROSCHR)
Listing Office: Buckingham Investments, Inc (#SB1301700)
Listing Courtesy (Buyer)
Buyer's Agent: Edith Saavedra (#SBSAAVEDI)
