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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$1,500,000
Est. payment /mo
4,780 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,780 sqft
Price per Sqft $313
MLS Listing ID CRSB25253535
HOA Y/N No
Year Built 1960
Lot Size 7,281 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
This 4-unit apartment building at 11537 Birch Ave presents a compelling investment opportunity in the growing Hawthorne rental market. Situated on a 7,279 SF lot with 4,780 rentable square feet, the property features a well-balanced unit mix, including (1) 3-Bed/2-Bath, (2) 1-Bed/1-Bath, and (1) detached 3-Bed/2-Bath home, creating an attractive option for both investors and owner-users. At current operations, the building produces a 4.87% CAP rate, priced at $375,000 per unit and $313.81 per square foot, with a 12.92 GRM. With market rents projected at $127,200 annually versus the current $116,090, investors can achieve a pro forma market CAP rate of 5.42% and a market GRM of 11.79. Unit D has been newly renovated from top to bottom. The unit features a brand-new modern kitchen with sleek cabinetry and quartz-style countertops. Complemented by new flooring throughout, reglazed bathrooms, and fresh interior paint. The result is a bright, contemporary living space that commands top-of-market rent and immediately impresses prospective tenants. With all the work already done, this turnkey unit provides an investor or owner-user with instant value and long-term durability. Additional features include (2) private two-car garages, providing immediate lease-up potential and flexibility
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Dryer, Other
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