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$ 1,099,000
Est. payment /mo
Active
12940 Prairie Ave Hawthorne, CA 90250
5 Beds
4 Baths
3,450 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25176869
Bedrooms 5
Lot Size 3,450 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Income-Producing Opportunity in the South Bay Upside Potential Investor opportunity at 12940 Prairie Ave a solid income-producing property in a prime South Bay location. The building was originally built as mixed-use but has long since been converted to all residential, creating a versatile 4-unit property with an additional studio unit that adds extra income potential. The property currently includes (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, plus a bonus unpermitted studio, giving investors five income streams. Current rents are slightly below market, leaving room for future increases and improved cash flow. Ownership has already taken care of several key upgrades. The roof was resurfaced recently, the windows have been replaced with vinyl double-pane, and the water heater is new. The housing provider currently pays all utilities, and the property includes three assigned parking spaces (one driveway space and a two-car carport). Location is a major plus. Situated in the heart of the South Bay, the property is minutes from the beach cities, LAX, and the rapidly growing Inglewood Entertainment District. Commuting is easy with quick access to the 405 and 105 freeways, and the area is close to major employers like SpaceX, Amazon, Boeing, and Raytheon. Whether you're looking to add to your portfolio or get into South Bay multifamily investing, this property offers current income with room to grow in a strong rental market.
Location
State CA
County Los Angeles
Zoning Assessor
Direction south of El Segundo Blvd on east side of Prairie Ave, next to a small church
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4050002001
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Anthony Warfield, DRE#01882977 REMAX AEGIS