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Turn-Key 1985 Construction | 5.23% CAP Rate! 4360 W 137th St

10 Unit Apartment Building $4,096,504 CAD ($409,650 CAD/Unit) 5.23% Cap Rate Hawthorne, CA 90250

Investment Highlights

  • PRIDE OF OWNERSHIP ASSET! | 1980's Construction - For Sale By Original Builder
  • Very Desirable Unit Mix: (6) 2-Bed + 2-Full Bath Units, (1) 2-Story Townhouse (1-Bed\Home Office+2-Full Baths), & (3) 1-Bed + 1-Bath Units
  • Tenants Enjoy: Intercom Entry System, Onsite Laundry Facility, Dishwashers & Stoves Provided by the Owner
  • 7,752 Rental Sq. Ft. | 8,711 Sq. Ft. Lot
  • Gated Entry & Parking | Ample Covered Space Parking - Some Units with 2 Assigned Spaces
  • Close Proximity to Manhattan Beach, Sofi Stadium & LAX

Executive Summary

Kristopher German of The Apartment Dealer is proud to present a meticulously maintained multi-family property in Hawthorne, now offered for sale by the original builder. Built in the 1980s, this asset features a desirable unit mix spread across 7,752 rental square feet on an 8,711 square foot lot. The unit configuration includes 6 (2-Bedroom/2-Bathroom) units, a unique Two-Story Townhouse unit that offers 1 Bedroom with an additional room that can be utilized as a home office or even a 2nd Bedroom and 2 full Bathrooms, and 3(1-Bedroom/1-Bathroom) units.
Residents enjoy private gated entry and ample covered parking, with some units benefiting from two assigned spaces. The building is equipped with an intercom entry system, enhancing security and convenience. Each unit is also outfitted with essential appliances provided by the owner, including dishwashers and stoves. An onsite laundry facility adds to the daily convenience for tenants.
Located within close proximity to key attractions such as Manhattan Beach, Sofi Stadium, and LAX Airport, this property offers a blend of suburban tranquility and urban accessibility, making it highly attractive to prospective tenants. This investment opportunity is ideal for those looking to acquire a well-maintained property, with a stable rental history, and potential for future growth.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $305,191 $31.52
Other Income $1,723 $0.18
Vacancy Loss $9,208 $0.95
Effective Gross Income $297,707 $30.75
Taxes $48,467 $5.01
Operating Expenses $35,306 $3.65
Total Expenses $83,773 $8.65
Net Operating Income $213,934 $22.10

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $305,191
Annual Per SF $31.52
Other Income (CAD)
Annual $1,723
Annual Per SF $0.18
Vacancy Loss (CAD)
Annual $9,208
Annual Per SF $0.95
Effective Gross Income (CAD)
Annual $297,707
Annual Per SF $30.75
Taxes (CAD)
Annual $48,467
Annual Per SF $5.01
Operating Expenses (CAD)
Annual $35,306
Annual Per SF $3.65
Total Expenses (CAD)
Annual $83,773
Annual Per SF $8.65
Net Operating Income (CAD)
Annual $213,934
Annual Per SF $22.10

Property Facts Under Contract

Price $4,096,504 CAD
Price Per Unit $409,650 CAD
Sale Type Investment
Cap Rate 5.23%
Gross Rent Multiplier 13.34
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.20 AC
Building Size 7,752 SF
No. Stories 2
Year Built 1985
Parking Ratio 2.32/1,000 SF

Unit Amenities

  • Dishwasher
  • Disposal
  • Kitchen
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 6 $2,681 CAD -
1+1 4 $2,307 CAD -
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4045-009-029
Land Assessment
$149,374 CAD (2024)
Improvements Assessment
$340,915 CAD (2024)
Total Assessment
$490,289 CAD (2024)
Annual Taxes
$48,467 CAD ($6.25 CAD/SF)
Tax Year
2023

zoning

Zoning Code HAR3YY (Multiple Dwelling)
HAR3YY (Multiple Dwelling)
  • Listing ID: 33522098

  • Date on Market: 2024-10-15

  • Last Updated:

  • Address: 4360 W 137th St, Hawthorne, CA 90250

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