13304-13308 Roselle Ave - Apartments FOR SALE


Hawthorne, CA 90250
$2,700,000 USD
818-939-4058
13304-13308 Roselle Ave, Hawthorne, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/9
null | 5.06% Cap Rate

13304-13308 Roselle Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • LISTING BROKER IS ALSO SERVING AS COURT-APPOINTED REFEREE. SALE IS SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID. CONTACT BROKER FOR DETAILS.
  • Built in 1986, twelve one-bedroom, one-bathroom units across two adjacent six-unit buildings totaling approximately 6,861 square feet.
  • The property is subject only to AB 1482 statewide rent control and is exempt from the Los Angeles Rent Stabilization Ordinance (RSO).
  • Consistent occupancy and further rental upside through interior upgrades and rent adjustments.
  • Combined lot size of 11,550 square feet with 22 total parking spaces and two on-site laundry rooms.
  • Oversized double lot offers potential for additional income through accessory dwelling unit (ADU) conversions.

OVERVIEW

The CREM Group is pleased to exclusively present 13304–13308 Roselle Avenue, a 12-unit apartment complex located in Hawthorne, CA. The property consists of two adjacent six-unit buildings situated on separate parcels totaling 11,550 square feet of land with a combined building area of approximately 6,861 square feet. The unit mix is composed entirely of one-bedroom, one-bathroom units. Both buildings are individually metered for gas and electricity, and the property provides 22 total parking spaces, along with two on-site laundry rooms. Built in 1986, the property is subject only to the statewide rent control provisions of AB 1482 and is exempt from the Los Angeles Rent Stabilization Ordinance (RSO). The buildings benefit from consistent occupancy and additional rental upside through continued renovation and rent adjustments. Given the oversized double lot and ample parking, there is also potential for the addition of accessory dwelling units (ADUs) to enhance long-term income and property value. Listing broker is also serving as the court-appointed referee for the sale of the property. The sale is subject to court confirmation and may be subject to overbid. Broker makes no representations or warranties regarding the condition, history, or compliance status of the property and shall not be responsible for inspections, repairs, reports, or retrofit requirements prior to closing. Prospective buyers are advised to conduct their own independent investigations and due diligence to satisfy themselves as to all aspects of the property.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$394 USD /SF

# OF UNITS

12

PRICE/UNIT

$225,000

CAP RATE

5.06%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roselle Courtyard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,554 SF

ZONING

HAR3

APN/PARCEL ID

4050-027-049,4050-027-050

ASK ABOUT THIS PROPERTY

Andrew LeffThe CREM GroupMore Info
818-939-4058

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Andrew LeffThe CREM GroupMore Info
818-939-4058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.