4838 W 118th St - Apartments FOR SALE


Hawthorne, CA 90250
$2,150,000 USD
707-225-2402
4838 W 118th St, Hawthorne, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/19
null | 6.66% Cap Rate

4838 W 118th St
Hawthorne, CA 90250


HIGHLIGHTS

  • 1985 Construction — Newer Vintage for Hawthorne Multifamily
  • Pride Of Ownership Asset — Very Well Maintained
  • 15 Secured Parking Spots — Covered Parking With Security Gate Access
  • The Deal Makes Sense — Attractive Current Income and Pricing Metrics
  • Upside — Through Increases Rents To Market and Billing Back Utilities

OVERVIEW

We are pleased to present 4838 W 118th Street in Hawthorne, CA, a well-maintained eight-unit multifamily investment opportunity offering attractive in-place income and future rental upside. Built in 1985, the property benefits from newer construction relative to much of Hawthorne’s multifamily inventory and reflects strong pride of ownership. The asset features a diverse unit mix consisting of one 3 bedroom/1.5-bathroom unit, two 2-bedroom/2-bathroom units, four 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. Additional amenities include 15 secured parking spaces with gated access and individually metered gas and electricity. With opportunities to increase rents to market and implement utility bill-backs, the property offers multiple avenues to enhance future operating performance. Ideally located just minutes from SoFi Stadium in a strong, low-vacancy rental market, 4838 W 118th Street presents investors with a compelling combination of steady cash flow, attractive pricing metrics, and long-term upside.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

8

PRICE/UNIT

$268,750

CAP RATE

6.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R3, Hawthorne

APN/PARCEL ID

4141-012-040

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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