12612 Cranbrook Avenue, Hawthorne, 90250

REDUCED 10% Residential Income For Sale

$1,350,000

Beds
Baths
4,720Sqft
.16Acres
4Garages
1941Built
93DOM
MLS® #: PW19164721
Active, 93 Days on Market

12612 Cranbrook Avenue is a five-unit** apartment building in Hawthorne, California. This offering presents a great opportunity for an investor to acquire a desirable well-maintained asset in a strong rental market that provides steady cash flow and has 16 percent potential upside in rents. 12612 Cranbrook Avenue is a 1941 construction building with one two-bed/one-bath unit (850 SF), two two-bed/one-and-one-half bath units (1,400 SF), one one-bed/one-bath unit with a den (1,350 SF), and one non-conforming studio. Both of the two-bed/one-and-one-half-bath units have two patios and a fireplace. The units are separately metered for gas and electricity, all units except for the studio have forced air/heating, and the building has copper plumbing. The property also offers two two-car garages, four carport parking spaces, and on-site laundry. The property is well-located in Hawthorne one block from Kornblum Elementary, one mile from major employers SpaceX and the Hawthorne Municipal Airport, and just over a mile from the 105 Freeway. This area is a non-rent controlled majority-renter market where nearly 80 percent of housing units are renter-occupied, with vacancy rates below three percent.

Price & Status History

Date Details
Price Reduced from $1,500,000 to $1,350,000

Essential Information

MLS® #: PW19164721
Price: $1,350,000
Square Footage: 4,720
Acres: 0.16
Year Built: 1941
Type: Residential Income
Status: Active

Community Information

Address: 12612 Cranbrook Avenue
City: Hawthorne
County: Los Angeles
State: CA
Zip Code: 90250

Amenities

Parking Spaces: 8
# of Garages: 4

Exterior

Lot Description: Landscaped

Additional Information

Date Listed: July 15th, 2019
Days on Market: 93
Zoning: HAR3*

Listing Details

Listing Agent: Steven Bogoyevac(01332755)
Listing Office: Steven M. Bogoyevac, Broker

Financials

$/SqFt: $286

Welcome to this 0 bedroom 0 bath Residential Income in the East Hawthorne (110) section of Hawthorne located at 12612 Cranbrook Avenue built in 1941. It is 0 square feet and the current asking price is $ 1,350,000.

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Based on information from California Regional Multiple Listing Service, Inc. as of October 18th, 2019 at 7:22am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.