Explore the possibilities a recently renovated five-unit mixed-use property featuring four residential apartments and one large commercial unit. This versatile configuration brings together residential and commercial rental opportunities, making it an appealing option for investors seeking multiple income sources and room for future growth.
Recent renovations enhance the property's overall appeal and rental marketability. Existing vacancy provides an opportunity to secure new tenancy at current market rent, offering a path to increased rental income as available space is leased. The large commercial unit adds another dimension to the investment, with flexibility for a variety of potential business uses, subject to zoning and applicable approvals.
Ample on-site parking serves the units and adds everyday convenience for residential and commercial occupants. A community laundry area provides a useful amenity for residents while generating an additional source of income for ownership. Together, these features support the property's functionality and appeal to prospective tenants.
Beyond its existing five-unit layout, the property offers potential for additional units, subject to buyer investigation, zoning requirements, and city approval. Buyers interested in expansion can explore how the site may accommodate their investment goals and evaluate opportunities to further improve its income-producing potential.
With recent renovations, a combination of residential and commercial spaces, ample parking, income-generating community laundry, and vacancy that allows for market-rate leasing, this Hawthorne property offers several avenues to build value. Whether expanding an existing portfolio or pursuing a mixed-use investment, buyers have an opportunity to capitalize on the property's current features while exploring its longer-term possibilities.
Buyer and buyer's agent to independently verify all information, including square footage, unit count, permits, zoning, allowable commercial uses, parking, development potential, rental income, expenses, and applicable rental regulations. Additional units and future development are subject to required approvals and are not guaranteed.
