$1.20M

Description

2218 W Imperial Hwy is a fully vacant and renovation ready 4plex located in Hawthorne. Property will need full interior remodel and roof. No need to deal with in-place tenants! Once units are renovated, the property will operate at a 6.10% CAP and 11.49 GRM with the opportunity to add additional income from the potential ADU conversions. The property is comprised of (1) 2Bed+1Bath and (3) 1Bed+1Bath units averaging about 723 square feet each. There are 4 garage parking spaces with alleyway access as well as a laundry room on-site for tenants. 2218 W Imperial Hwy is just minutes away from major employers and new developments such as SpaceX, Boeing, Hollywood Park, SoFi Stadium, Intuit Dome, etc. The city of Hawthorne features top local schools including Hawthorne Math & Science Academy, Kornblum School, Bud Carson and Leuzinger High School.

Property Details