For more information regarding the value of a property, please contact us for a free consultation.
11966 Oxford AVE Hawthorne, CA 90250
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,887,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24173175
Year Built 1962
Lot Size 8,742 Sqft
Property Description
We are pleased to exclusively offer for sale this meticulously maintained 7 unit multi-family property in the city of Hawthorne. This investment property features a comprehensive array of layouts including one 3-Bedroom/2-Bath, four 2-Bedroom/1-Bath, and two 1-Bedroom/1-Bath units, spread across a well-utilized 8,741 square foot lot, with a total of 6,314 square feet of rental space.
Each unit is separately metered for electricity and gas, enhancing cost efficiency and ease of management. Tenants benefit from the convenience of onsite car-port parking and a communal laundry facility. Significant updates have been made to the infrastructure, including updated copper plumbing and a new sewer line, ensuring reduced maintenance concerns for the new owner.
Located in a community with strong rental demand, this property not only offers stable cash flow but also boasts a 40% potential upside in rental income, as all units are due for their annual rent increase that a new investor can implement immediately. Additionally, attractive Private Seller Financing is available with the following terms: 25% down payment, 6.5% interest-only payments, due and payable in 7 years. Located in close proximity to Manhattan Beach, Sofi Stadium, and LAX Airport, this property is ideally situated to attract and retain high-quality tenants who appreciate the blend of residential comfort and accessibility to major attractions and transportation hubs. Overall this is an outstanding investment opportunity for both seasoned and new investors seeking to maximize returns and long-term capital growth.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Zoning HAR3YY
Interior
Laundry Common Area, Inside
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Special Listing Condition Standard
Read Less
Bought with Rick Applebaum • Morgan Skenderian
GET MORE INFORMATION
- Homes For Sale in Alhambra, CA
- Homes For Sale in Altadena, CA
- Homes For Sale in Arcadia, CA
- Homes For Sale in Bel Air, Los Angeles, CA
- Homes For Sale in Beverly Hills, CA
- Homes For Sale in Brentwood, Los Angeles, CA
- Homes For Sale in Culver City, CA
- Homes For Sale in Eagle Rock, Los Angeles, CA
- Homes For Sale in Echo Park, Los Angeles, CA
- Homes For Sale in Glendale, CA
- Homes For Sale in Hermosa Beach, CA
- Homes For Sale in La Canada Flintridge, CA
- Homes For Sale in Marina del Rey, CA
- Homes For Sale in Mar Vista, Los Angeles, CA
- Homes For Sale in Montecito Heights, Los Angeles, CA
- Homes For Sale in Mount Washington, Los Angeles, CA
- Homes For Sale in Los Angeles, CA
- Homes For Sale in Manhattan Beach, CA
- Homes For Sale in Palms, Los Angeles, CA
- Homes For Sale in Pasadena, CA
- Homes For Sale in Redondo Beach, CA
- Homes For Sale in San Gabriel, CA
- Homes For Sale in San Marino, CA
- Homes For Sale in Santa Monica, CA
- Homes For Sale in Sierra Madre, CA
- Homes For Sale in Sherman Oaks, CA
- Homes For Sale in Silver Lake, Los Angeles, CA
- Homes For Sale in Studio City, CA
- Homes For Sale in South Pasadena, CA
- Homes For Sale in West Hollywood, CA
- Homes For Sale in West Los Angeles, Los Angeles, CA
- Homes For Sale in Westwood, Los Angeles, CA