- Outstanding Non-Rent Controlled Value-Add Opportunity with Pro-Forma GRM of 11.67 and Pro-Forma Cap Rate of 6.10% -1986 Vintage Property Offered at Under $200,000 Per Unit -Rental Upside of 56% -Rents Have Not Been Raised Since 2008 -Strong Neighboring Employment: SpaceX, Tesla, and Aerospace Defense Companies -4 Miles from Hollywood Park Development Project and New Proposed NFL Ram's Stadium -Located West of Prairie Avenue and Just One Block East of Hawthorne Boulevard -On-Site Laundry Facility, Intercom Access, Garage Parking, Balconies, & Individually Metered for Gas & Electricity
Listing provided courtesy of
, CBC Advisors
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Known as the “City of Good Neighbors” and Hawthorne has a rich history of being a hub for technology and innovation. Home to the “Beach Boys” who later went on to sing about nearby Manhattan Beach, Hawthorne offers easy access to LAX and Los Angeles.
Real Estate: Hawthorne real estate for sale includes many single-family residences including bungalows and ranch-style homes built during the post-war boom. Townhouses, condos and apartments are also available for sale.
Community Life: The Hawthorne Del Aire Farmers Market takes place on Saturdays from 9 a.m. to 1 p.m. in the parking lot of the Da Vinci Charter School. The Hawthorne Memorial Park includes ball fields, basketball and tennis courts, a wading pool and picnic area. Other parks include Eucalyptus Park, Holly Park, and Jim Thorpe Park.
Education: Hawthorne is served by the Hawthorne School District and has seven elementary schools, three middle schools and a charter high school, Hawthorne Mathematics and Science Academy. Local private schools include Hawthorne Academy and St. Joseph’s Catholic School.
Transportation: Hawthorne is easily reached by the 405, 110, and 105 freeways. It is also served by several local bus routes.
Local Attractions: The Beach Boys are honored with a local monument denoting their childhood home.
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