4020 W 137Th Street

Hawthorne, CA 90250

$1,299,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1960

calendar_month Built

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 HUGE private yard in the back. Investors may explore converting garages into an ADU or expanding the property by capitalizing on the large yards (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 bedrooms or an ADU (buyer to verify) could unlock further potential, making it an outstanding long-term investment in a desirable rental neighborhood with low vacancy.

Listing Information

List Price $1,299,000
Status Active
MLS SB24206132
HOA $0
Type Residential Income
Subtype Triplex
Year Built 1960
Lot Size 8,704
Structure Size N/A
DOM 1
Courtesy Of Buckingham Investments, Inc
Listing Agent Christopher Crosby DRE#02116879

Interior Features

Laundry Information
Location(s) In Garage
Bedroom Information
Features All Bedrooms Down
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s), All Bedrooms Down
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Christopher Crosby, Buckingham Investments, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 5th, 2024 at 3:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.