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$260K Price Improvement "” Now Attractively Positioned at a 6.46% Cap Rate, 9.47 GRM, and $211K per Unit! Introducing The Crest Apartments, a 25-unit community at 4055 W. 129th Street in the heart of Hawthorne, offered for the first time by the original families who developed it in 1966. The property features (3) studios, (20) one-bedroom/one-bath units, (1) two-bedroom/one-bath unit, and (1) two-bedroom/two-bath unit (including one non-conforming). On-site amenities include landlord-owned laundry machines, a central courtyard with a pool, gated parking for 29 vehicles, secured entry, and a security camera system. The building is master-metered, with the potential to implement a RUBS (Ratio Utility Billing System) to allocate utility costs to tenants based on unit size or occupancy, providing additional income growth. Subject to statewide rent control under AB 1482, all eligible units received rent increases (5% + CPI) in October 2025. Additional improvements include a major drain line replacement in 2022 (195 ft.), supply line replacements as needed, newer Siemens sub-panels, and completion of SB 721 balcony inspections and required repairs in 2025. Situated west of Prairie Avenue, the property is centrally located near Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major freeway access. The Crest Apartments offers a well-maintained, stable investment with strong fundamentals and clear upside potential in one of the South Bay's most dynamic rental markets.
Property Type(s):
Residential Income
| Last Updated | 2/2/2026 | Year Built | 1966 |
|---|---|---|---|
| Community | 109 - Ramona/Burleigh | Garage Spaces | 2.0 |
| County | Los Angeles |
Price History
| Prior to Feb 2, '26 | $5,558,888 |
|---|---|
| Feb 2, '26 - Today | $5,295,000 |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 109 - Ramona/Burleigh |
| GARAGE | Yes |
| HEAT | See Remarks |
| LOT | 0.3996 acre(s) |
| LOT DIMENSIONS | 17405 |
| PARKING | Assigned |
| POOL | Yes |
| POOL DESCRIPTION | Private, Community |
| SEWER | Public Sewer |
| STORIES | 3+ |
| UTILITIES | See Remarks |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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