8
See all 8 photos
$1,425,000
Est. payment /mo
9 Beds
6 Baths
4,032 SqFt
Price Dropped by $70K
13314 Cordary AVE Hawthorne, CA 90250
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,032 sqft
Price per Sqft $353
MLS Listing ID 25496167
Bedrooms 9
HOA Y/N No
Year Built 1964
Lot Size 5,601 Sqft
Property Description
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 4.37% with still 41% rental upside with proforma at a 6.92%. 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.
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Zoning HAR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Carport
Total Parking Spaces 5
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4050024016
Special Listing Condition Standard
Listed by David Messiah • Lyon Stahl Investment Real Estate, Inc.