Looking for a smart investment? This Hawthorne triplex offers great potential. With a projected cap rate over 4%, there's still room for improvement. Two of the units are well below market rents. All leases are month to month. The two units in the front each have 2 bedrooms, 1 bathroom, and laundry hookups. They are separated by two 1-car garages so there are no shared living walls. The detached back house is a 3 bedroom, 2 bathroom with fireplace, laundry hookups, and small backyard. It has an attached 2 car garage. There's a recently replastered swimming pool that separates the back house from the front units. It's fenced in and is a fantastic feature to attract tenants as we experience hotter and hotter weather. This is an R3 lot and large enough to conceivably build 4 townhomes in the future; check with the city for viability. Buyer to cooperate with seller's 1031 exchange.
Listing courtesy of Amy Cimetta from Vista Sotheby’s Realty
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