Situated at 13314 Cordary Ave in Hawthorne, this four-unit apartment building offers 4,032 square feet of living space on a 5,600-square-foot lot in a thriving, high-demand market. Just minutes from SpaceX, SoFi Stadium, Intuit Dome, and Kia Forum, the location provides easy access to major job centers, entertainment, and transportation.The property features (2) spacious 3-bedroom/2-bath units, each equipped with in-unit washer and dryer, perfect for maximizing rental income or an owner-occupant. It also includes (1) 2-bedroom/1-bath unit and (1) 1-bedroom/1-bath unit. The property presents a strong investment opportunity with a current cap rate of 4.11% with still 41% rental upside and market cap rate of 6.54%. Furthermore, its priced at an attractive price per square foot metric, sitting below the averages of what has sold in the area. Additionally, there's room to build two ADUs in the back, creating even more potential to add value and boost rental income. With no local rent control, the property defaults to AB 1482 statewide rent control, allowing for greater flexibility in rent increases and providing a more investor-friendly environment.
|
DAYS ON MARKET
|
47
|
LAST UPDATED
|
2/12/2025
|
|
YEAR BUILT
|
1964
|
COMMUNITY
|
East Hawthorne
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Dryer, Microwave, Refrigerator, Washer |
| AREA |
East Hawthorne |
| GARAGE |
Carport |
| HEAT |
Wall Furnace |
| LOT |
5602 sq ft |
| PARKING |
Carport |
| STORIES |
2 |
| ZONING |
HAR3YY |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/30/25 3:12 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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