13632 Cerise Avenue

Hawthorne, CA 90250 View Map $1,720,000 Ask a Question
Acres0.45
Year2008
Greg Geilman

Greg Geilman

(310) 853-3073
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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:19471164
Date Sold:8/21/2019
Lot Size:0.45 Acres
County:Los Angeles
This property consists of is a six-unit condominium complex, each with 2bd/1ba. It is situated on a huge lot that should allow for construction of 25 new units with the appropriate current higher density allowances (land at $94.75/sf). The property is located in Hawthorne, CA, a submarket of Los Angeles with a supply constrained and high rental demand market with no rent control. The units were completely redone inside and out in 2008. All major systems on the property were redone at that time, with new roofs, upgraded electrical and plumbing, new stucco, and new windows. Each unit was given new kitchens and bathrooms, and was completed with high end finishes including travertine floors and granite counters. Additionally, each unit has new sliding doors opening up to its own patio. The units offer privacy as the only shared walls are garage walls. No aspect of the property was left untouched, even the main gate was replaced. **See note in private remarks regarding current income**

Detailed Maps

Community Information

Address:13632 Cerise Avenue Hawthorne, CA 90250
Area:(110) East Hawthorne
County:Los Angeles
City:Hawthorne
Zip Code:90250

Architecture

Year Built:2008
Total Units: 6
Unit 1: 6 Units•2 Beds•1 Bath•Unfurnished•$1,751 actual rent•$6,310 total rent•$10,510 pro forma
Parking: Guest, Garage - Single Door

Features / Amenities

Cooling Type: See Remarks

Property Features

Lot Size: 0.45 Acres / 19524 Sq. Ft.
Zoning:HAR3*
Directions:Crenshawe to 147th St, then west on 147th to Cerise, then south on Cerise.

Tax and Financial Info

Total Expenses: 36292.00
Gross Operating Income: 126120.00
Association Amenities: Other

Schools

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Listing Information Last Updated 2/19/2020
Listing provided courtesy of C. Wolf Baschung, Keller Williams Downtown La.
Based on information from California Regional Multiple Listing Service, Inc. as of February 19, 2020. 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. IDX provided by Sierra Interactive.