Hawthorne, CA 90250,11966 Oxford AVE
Hawthorne, CA 90250,11966 Oxford AVE
Hawthorne, CA 90250,11966 Oxford AVE
8
$1,887,000
$1,895,000
0.4%
Est.Price: ?

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8,741 Sqft Lot

11966 Oxford AVE Hawthorne, CA 90250

Est. payment /mo
SOLD DATE : 09/19/2024

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Key Details

Sold Price $1,887,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRCV24173175

Sold Date 09/19/24

Originating Board California Regional MLS

Year Built 1962

Lot Size 8,741 Sqft

Property Description

We are pleased to exclusively offer for sale this meticulously maintained 7 unit multi-family property in the city of Hawthorne. This investment property features a comprehensive array of layouts including one 3-Bedroom/2-Bath, four 2-Bedroom/1-Bath, and two 1-Bedroom/1-Bath units, spread across a well-utilized 8,741 square foot lot, with a total of 6,314 square feet of rental space. Each unit is separately metered for electricity and gas, enhancing cost efficiency and ease of management. Tenants benefit from the convenience of onsite car-port parking and a communal laundry facility. Significant updates have been made to the infrastructure, including updated copper plumbing and a new sewer line, ensuring reduced maintenance concerns for the new owner. Located in a community with strong rental demand, this property not only offers stable cash flow but also boasts a 40% potential upside in rental income, as all units are due for their annual rent increase that a new investor can implement immediately. Additionally, attractive Private Seller Financing is available with the following terms: 25% down payment, 6.5% interest-only payments, due and payable in 7 years. Located in close proximity to Manhattan Beach, Sofi Stadium, and LAX Airport, this property is ideally situated to

Location

State CA

County Los Angeles

Area 109 - Ramona/Burleigh

Interior

Laundry Other, Community Facility

Exterior

Garage Spaces 7.0

Pool None

Building

Water District - Public

Others

Tax ID 4047023004

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with Rick Applebaum

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Paul Locatelli

Broker Associate | License ID: 1348436

+1(831) 750-9795

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