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About This Home
This 12-bedroom, 6-bathroom residential multi family at 13632 -36 Cerise Ave in Hawthorne, CA is listed for $2,599,000 ($528 per sqft). Built in 1959, the home offers 4,920 sqft of living space on a 0.45 acres lot.
Located in the transitional Hawthorne, that has been going through development and gentrification over the last 5-10 years. This property benefits from a strategic location with proximity to major highways, public transportation, schools, and shopping centers.
Investor can increase rents on 3 out of the 6 units to increase the return on investment or an investor can sell each unit individually for a higher return on investment. Hawthorne has a stable rental market with a strong demand for housing making this property a solid investment choice and further stabilized via regular tenancy leases.
Hawthorne benefits from a diverse local economy with opportunities in retail, healthcare, education, and manufacturing, ensuring a steady pool of potential tenants. The property has historically maintained low vacancy rates due to its attractive location and well-maintained units. With .44 of an acre of land, there is potential of development for a higher density. Please check with the City of Hawthorne and or your desired professionals.
Key Features
- Built in 1959
- 0.45 acre lot
- 6 parking spaces
Property Details
Monthly Cost Estimate
$13,900/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
13632 -36 Cerise Ave
Hawthorne, CA 90250
Property Details
Flooring
Parking
Appliances
Questions & Answers
This 12-bedroom, 6-bathroom residential multi family at 13632 -36 Cerise Ave is listed at $2,599,000 ($528/sqft). The estimated monthly payment is $11,262 based on 20% down at 6.5% interest.
Key features include: Built in 1959, 0.45 acre lot, 6 parking spaces.
This property is listed by Fred Nabati and can be reached at 4247043373 or inquiry@trimaxla.com.