4317 W 120th St Immeuble residentiel 5 lots 1 423 418 € (284 684 €/Lot) Taux de capitalisation 6,50 % Hawthorne, CA 90250

ASSET
5-unit apartment located in Hawthorne, west of Prairie Avenue. No local rent control – defaults to AB 1482.
The property contains a unit mix of (one) 3-bedroom/2-bathroom townhouse unit, (two) 2-bedroom/1-bathroom units and (two) 1-bedroom/1-bathroom units. Four of the five units have been renovated. The 3-bedroom townhouse unit is spacious and contains washer/dryer hook-ups.
Situated on a 6,162-SF lot, the property has been newly painted and features new windows, five parking spaces and an on-site laundry facility which is able to generate additional income. Furthermore, the tenants are responsible for the trash expense, resulting in lower operating costs for the landlord.
LOCATION
The property is located west of Prairie Avenue and approximately 1.5 miles from Northrup Grumman and Intuit Dome and approximately 2 miles from SoFi Stadium. Also in short distances are many neighboring employment centers such as Raytheon, Los Angeles Times, SpaceX, Tesla Design Center, Hollywood Park Tomorrow, Boeing, and the LAX Airport.
FINANCIALS
This 4,463-SF apartment presents strong in-place rents with a current cap rate of 6.50% and current GRM of 11.29.