Hawthorne, CA 90250,12545 Eucalyptus AVE
Hawthorne, CA 90250,12545 Eucalyptus AVE
Hawthorne, CA 90250,12545 Eucalyptus AVE
17
$3,055,000
$3,000,000
1.8%
Est.Price: ?

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0.29 Acres Lot

12545 Eucalyptus AVE Hawthorne, CA 90250

Est. payment /mo
SOLD DATE : 03/08/2024

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Key Details

Sold Price $3,055,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSB24002889

Sold Date 03/08/24

Originating Board California Regional MLS

Year Built 1960

Lot Size 0.292 Acres

Property Description

The subject property is a two story 11 unit apartment building built in 1961. It is located west of Hawthorne Blvd , one block north of El Segundo Boulevard, one block from Eucalyptus Elementary school and Park. The unit mix consists of ten 2 bedroom 1.5 bath townhome style floor plans, and a one 3 bedroom 2 bath unit. There are 11 carports with parking and storage for each unit. The laundry room provides additional income and all washers and dryers are included as they are owned by the seller. The building is 100% occupied and all rents were just increased and went into effect as of January 1, 2024. Tenants pay gas and electric for their individual units. There is still another 20%-25% or more upside in rents on most units which can be achieved over time since Hawthorne does not have its own rent control ordinance. A new roof was installed in 2023 and the electrical service was upgraded as well in 2023. This is an excellent turn key investment with significant upside.

Location

State CA

County Los Angeles

Area 108 - North Hawthorne

Interior

Laundry Community Facility

Exterior

Garage Spaces 11.0

Pool None

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 4041019042

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MLS Listing IDX PLUS
Listed by Julie Lockwood • Re/Max Estate Properties
Bought with Stephen Lampe • Re/Max Commercial & Investment

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Paul Locatelli

Broker Associate | License ID: 1348436

+1(831) 750-9795

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