Impeccable, NEW product in a submarket that's on the come, minutes to LAX, SpaceX, Tesla Design Center, Northrop Grumman, Raytheon & the new LA Times HQ on Imperial Hwy. An opportunity to buy and 'cashflow' at a 5% cap rate clip, day one. All utilities on the tenants' dime, being condos. All units are HUGE 3 Bed/3.5 Bath units with den/office/nursery, also. Your 5% cap cashflow will only get more robust over the years due to the absence of rent control, here! New construction in the state is NOT SUBJECT TO RENT CONTROL, for the first15 years. Arguably perfect product, great location, great cashflow AND the additional hedge of knowing townhome sales, YTD, have exceeded $900,000 in Hawthorne/Gardena, in some cases - if you want to sell them off individually. (*one unit designated 'low income').The deal is arguably worth $6MM, deliverable under$5,000,000.
HOA
No HOA
On market
3 months
Year built
1958
Property type
Multi-Family
Parking
18
MLS
22215283
Price / Sq.Ft.
$327 / ft2
Buyer’s Brokerage Commission
2.5%