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Welcome to 4020 W 137th St, Hawthorne, CA – a prime triplex investment on a huge 8,700 SF lot with plenty of value-add opportunities. The front home is a 3-bedroom 2-bath with a spacious living room, separate dining area, a large private yard, and an attached garage. The middle home is a 2-bedroom 1-bath with a large living room, a big kitchen, a dining area, and an attached garage. The back home is also a 2-bedroom 1-bath with a HUGE private yard in the back. Investors may explore converting garages into an ADU or expanding the property by capitalizing on the large yards (buyer to verify). The property currently generates $7,200/mo with 17% upside in rents, an actual GRM of 15.0 and a cap rate of 3.8%, with pro forma projections improving to a 12.8 GRM and 4.8% cap rate. Adding bedrooms or an ADU (buyer to verify) could unlock further potential, making it an outstanding long-term investment in a desirable rental neighborhood with low vacancy.
Last Updated | 10/4/2024 | Year Built | 1960 |
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Community | Ramona/Burleigh | Garage Spaces | 3.0 |
County | Los Angeles |
Additional Details
AIR | None |
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AREA | Ramona/Burleigh |
GARAGE | Garage, Shared Driveway, Yes |
HEAT | Wall Furnace |
HOA DUES | 0 |
INTERIOR | All Bedrooms Down, Ceiling Fan(s) |
LOT | 8704 sq ft |
LOT DESCRIPTION | Back Yard, Front Yard, Lawn, Street Level, Yard |
PARKING | Garage,Shared Driveway |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 1 |
UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected |
WATER | Public |
ZONING | HAR3YY |
Location
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