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Listed by Anthony Warfield, DRE #01882977 • REMAX AEGIS
$1,099,000
Est. payment /mo
3,450 Sqft Lot
Active
12940 Prairie Ave Hawthorne, CA 90250
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25176869
Year Built 1962
Lot Size 3,450 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Income-Producing Opportunity in the South Bay - Upside Potential Investor opportunity at 12940 Prairie Ave - a solid income-producing property in a prime South Bay location. The building was originally built as mixed-use but has long since been converted to all residential, creating a versatile 4-unit property with an additional studio unit that adds extra income potential. The property currently includes (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, plus a bonus unpermitted studio, giving investors five income streams. Current rents are slightly below market, leaving room for future increases and improved cash flow. Ownership has already taken care of several key upgrades. The roof was resurfaced recently, the windows have been replaced with vinyl double-pane, and the water heater is new. The housing provider currently pays all utilities, and the property includes three assigned parking spaces (one driveway space and a two-car carport). Location is a major plus. Situated in the heart of the South Bay, the property is minutes from the beach cities, LAX, and the rapidly growing Inglewood Entertainment District. Commuting is easy with quick access to the 405 and 105 freeways, and the area is close to major employers like SpaceX, Amazon, Boeing, and Raytheon. Whet
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Interior
Cooling None
Laundry None
Exterior
Parking Features Assigned Spaces, Carport , Other
Garage Spaces 3.0
Pool None
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Water District - Public
Others
Tax ID 4050002001
Special Listing Condition Not Applicable
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