Very clean & well maintained property on a large lot in Hawthorne. The lot is 8,715 square feet & zoned R3 which allows up to 8 units for a new development. The property is improved with a 2 bed 1 bath house in front that was built in 1940. A 4 unit apartment building with all 2 bed 1 bath units was added in 1958. The area between the buildings has a nonconforming bachelor unit that has one room and bathroom with sink, toilet, shower (no kitchen). There is a unit that is being offered at $1,695 which was recently upgraded with a new granite counter top, sink, new kitchen cabinets & new laminate wood flooring. The remaining units have not been upgraded, but the rents are significantly below market rent rates. Each unit has its own water heater & each tenant pay for the gas to heat the water & the electric utilities inside their unit. The owner recently spent approximately $8,500 on new windows, & approximately $12,000 on new stucco and paint to the exterior. The property has pitched roofs, a nice yard area in front, & 5 covered parking spaces at the rear of the property. The property is situated on a quiet tree lined street in the City of Hawthorne which has NO RENT CONTROL. It is 1/2 block to Hawthorne Blvd and the Metro Bus line. Walking distance to Ramona Elementary School, El Camino Job Training Center, College Medical Center, Dentist Offices, places of worship and several restaurants.
Listing courtesy of Stephen Lampe from Re/Max Commercial & Investment
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