Address
13520 Lemoli Avenue Hawthorne, CA
Price
$ 6,350,000
Property Attributes
  • MLS#PW21118576
  • TypeIncome
  • CountyLOS ANGELES
  • CityHawthorne
  • AreaEast Hawthorne
  • Zip90250
  • Style
  • Price$ 6,350,000
  • Bedrooms35
  • Full Bathrooms27
  • Half Bathrooms0
  • Lot Size0.48 Acres
Listing Provided Courtesy Of:
Todd Hawke with Keller Williams - Santa Monica.
Data Source:
CRMLS
Property Description

13520 Lemoli Avenue is a 26-unit investment property located in dynamic Hawthorne, California. Secure gated pedestrian and vehicle entries provide access into two structures with a mix of: (19) 1BD / 1BA; (5) 2BD / 1BA; (1) 3BD / 1.5BA; and (1) 3BD / 1BA. Gas is master metered and electricity is individually metered. Ample parking is available with 27 parking spaces and one double garage. Four washers and six dryers are onsite, belong to the property and provide laundry revenue. Additional income may be realized through the implementation of a RUBS program and separating parking income from leases. The 1970's construction provides a favorable scenario for construction and renovation, should a new owner wish to take advantage of the value add opportunity. The Hawthorne submarket is an expanding area of the South Bay, providing strong employment growth with companies such as SpaceX and Ring (recently bought by Amazon) located just 1.5 miles away from the subject property, along with the brand new Rams NFL Stadium just miles away in neighboring Inglewood. 13520 Lemoli Avenue provides an investor with a sizable value add play in a high growth area of the South Bay, with the opportunity for 16%-18% upside.

Price History
6/4/2021 Listed $6,350,000

General Features

Carport Spaces 27
Carport Y/N Yes
Co-Listing Agent State License # 01346713
Community Features Urban
Garage Spaces 2
Garage Y/N Yes
Listing Agent Todd Hawke - BRE#01376219
Listing Agent State License 01376219
MLS Area 110 - East Hawthorne
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 26
Water Sewer Expense 9589
Zoning HAR3*

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area, Laundry Room

Exterior Features

Lot Features 26-30 Units/Acre
Lot Size Acres 0.48
Lot Size Area 20743
Lot Size Source Assessor
Lot Size Square Feet 20743
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 27
Number of Separate Gas Meters 2
Number of Separate Water Meters 1
Total Parking 29
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90250

Price
AVG $1.87M
$6.35M
Visits
AVG 19
17
Year Built
AVG 1964
1970
Walkscore
AVG 77
71
Data Provided by Walkscore ® not using MLS data

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