6,669 Sqft Lot
6,669 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25170666
HOA Y/N No
Year Built 1986
Lot Size 6,669 Sqft
Property Sub-Type Apartment
Property Description
Investment Highlights:
• Desirable Unit Mix: One large 3-bed/2.5-bath townhouse-style unit with washer and dryer hookups and a private deck—ideal for repositioning or premium rental. Plus, Six 1-bed/1-bath units.
• ADU Potential: Explore the possibility of adding units through ADU conversion of existing space (buyer to verify).
• RUBS OPPORTUNITY: There is potential to further enhance yield with the implementation of a RUBS program for water, sewer, and trash. The property is individually metered for gas and electric.
• Under-Market Rents: Immediate upside through rent increases upon turnover or via AB 1482 allowable adjustments.
• Operational Upside: On-site laundry room is currently non-functioning but can be restored to create a new revenue stream.
• Parking Advantage: Dedicated carport parking for all units—a key amenity in the South Bay.
• Each unit has its own water heater, minimizing shared utility costs.
• Investor-Friendly Rent Control: Subject to AB 1482, allowing for structured annual rent increases (5% + CPI). This is a well-located, underutilized asset with multiple levers for value creation—from strategic unit turns to ADU development and amenity upgrades. Ideal for investors seeking yield in a supply-constrained rental market.
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Zoning HAR3YY
Interior
Fireplace No
Laundry None
Exterior
Parking Features None
Carport Spaces 9
Pool None
Community Features Urban
Total Parking Spaces 9
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 3
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4049014003
Energy Description 860.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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