Sold: Aug 31, 2021
Address
13520 Lemoli Avenue Hawthorne, CA
Price
$ 6,100,000
Property Attributes
  • MLS#PW21118576
  • TypeIncome
  • CountyLOS ANGELES
  • CityHawthorne
  • Zip90250
  • Style
  • Price$ 6,100,000
  • Bedrooms26
  • Full Bathrooms26
  • Half Bathrooms0
  • Sqr Footage16840
  • Lot Size0.48 Acres
Listing Provided Courtesy Of:
Todd Hawke with Keller Williams - Santa Monica -
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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

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 $1.32M
$6.1M

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