Hawthorne, CA 90250,4020 W 137th ST
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Hawthorne, CA 90250,4020 W 137th ST
Hawthorne, CA 90250,4020 W 137th ST
Hawthorne, CA 90250,4020 W 137th ST
Hawthorne, CA 90250,4020 W 137th ST
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$ 1,299,000
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4020 W 137th ST Hawthorne, CA 90250

2,992 SqFt


UPDATED:

10/11/2024 12:01 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 SB24206132

HOA Y/N No

Year Built 1960

Lot Size 8,703 Sqft

Acres 0.1998

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

Area 109 - Ramona/Burleigh

Zoning HAR3YY

Rooms

Ensuite Laundry In Garage

Interior

Interior Features Ceiling Fan(s), All Bedrooms Down

Laundry Location In Garage

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry In Garage

Exterior

Garage Garage, Shared Driveway

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Park, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

Roof Type Shingle

Parking Type Garage, Shared Driveway

Total Parking Spaces 3

Private Pool No

Building

Lot Description Back Yard, Front Yard, Lawn, Street Level, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4045031041

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Christopher Crosby • Buckingham Investments, Inc • 650-549-4849