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$ 2,250,000
Est. payment | /mo
5,030 SqFt
$ 2,250,000
Est. payment | /mo
5,030 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,030 sqft
Price per Sqft $447
MLS Listing ID CL26827257
HOA Y/N No
Year Built 1941
Lot Size 6,724 Sqft
Acres 0.1544
Property Sub-Type Other
Property Description
FULLY LEASED! Real 7.22% Cap Rate. Property is equipped with a Ratio Utility Billing System (RUBS), allowing for the allocation and reimbursement of utility expenses by tenants. 12527 Cranbrook Avenue offers the opportunity to acquire a fully renovated, occupiedseven unit multifamily asset in a strong rental pocket of Hawthorne. Originally built in 1950 and completely repositioned in 2026, the property totals 5,030 net rentable square feet and consists of fourprimary units and three ADUs. The unit mix includes (1) 4 bedroom 2 bath unit, (1) 2 bedroom 1.5 bath townhome style unit, (1) 2 bedroom 1bath, (3) 1 bedroom 1 bath units, and (1) studio. All units feature in unit washer and dryer, modern interior finishes, and access to multiple onsite parking spaces. The property is fully occupied with market rents from day one and achieving a 7.22% cap rate and 10.47 GRM at the $2,250,000 asking price. The asset is ideally located near major employment driversincluding SpaceX and Hawthorne Airport and within close proximity to Costco, retail, dining, and entertainment amenities, supportinglong term tenant demand. 12527 Cranbrook Avenue represents a low maintenance, pride of ownership investment that delivers new construction quality without the development timeline, combined withthe scalability of a seven unit property in a high growth South Bay submarket.
Location
State CA
County Los Angeles
Zoning HAR3YY
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 4049004053
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Listed by David Saghian • Lyon Stahl Investment Real Estate, Inc.
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