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Property Description

We are excited to present a unique opportunity to purchase two detached, cottage-style units in prime Hawthorne. Each unit is situated on its own lot, with both lots adjacent to each other. Each home features 3 Bedrooms & 1 1/4 Bathrooms, together offering a total of 2,190 square feet of rental space. The homes are situated on two separate lots (2 APNs), which together encompass 8,652 square feet of land.

Each cottage benefits from thoughtful upgrades such as wood laminate flooring, and newer plumbing, enhancing both aesthetics and functionality. Tenants enjoy the convenience of private garage parking and individual laundry hookups, adding significant appeal and comfort.

Financially, the property is set up for success, with tenants responsible for electricity & gas, which optimizes cost-efficiency for the owner. Located in close proximity to key destinations such as Manhattan Beach, Sofi Stadium, and LAX Airport, the property benefits from its strategic positioning that offers continuous tenant demand.

Most notably, there exists a significant 30% upside in rental income (a buyer can take advantage of the fact that all units are scheduled for their annual rental increase), providing a lucrative opportunity for investors to increase revenue and capitalize on the property's full potential in a high-demand area. This investment is ideal for those looking to expand their portfolio with a well-maintained and strategically located property.

Overview

Property Status
Sold
Lot Size
8,652 Sq.Ft.
MLS ID
CV24169396
Property Type
Condo
Year Built
1941

Features & Amenities

Total Area
2,190 Sq.Ft.
Stories
1
Garage Spaces
2.0
Water Source
Public
Pool
None
Lot Features
2-5 Units/Acre
Laundry Room
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Sewer
Public Sewer
Sales Price
$880,000
Maintenance Fee
$1,500/mo
Zoning
HAR1YY

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13839 Jefferson Avenue

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