CA > Hawthorne
Hawthorne, CA 90250,4020 W 137th Street
Hawthorne, CA 90250,4020 W 137th Street
Hawthorne, CA 90250,4020 W 137th Street
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Listed by Christopher Crosby • Buckingham Investments, Inc
$1,299,000
Est. payment /mo
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2,992 SqFt
Active

4020 W 137th Street Hawthorne, CA 90250

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Daniel Ripper

Daniel Ripper

+1(415) 205-6312

UPDATED:

10/11/2024 07:38 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,992 sqft

Price per Sqft $434

MLS Listing ID CRSB24206132

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1960

Lot Size 8,704 Sqft

Property 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

State CA

County Los Angeles

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Fireplace No

Laundry In Garage

Exterior

Parking Type Other

Building

Lot Description Other, Back Yard, Front Yard

Water Public

Bay East AOR and Contra Costa AOR
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

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4020 W 137th Street

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