This is a remarkable opportunity for investors to acquire a fully remodeled and turn-key 6-unit property in the thriving City of Hawthorne, which has no local rent control. With an impressive cash flow yielding an outstanding 5.3% cap rate on day 1, this property also promises substantial potential for realizable growth. Notably, the studio rents at $800 per month (currently eligible for a rent increase), presenting considerable upside for a new investor. Nestled within a highly desirable location, this investment showcases its attractiveness by offering units that have been meticulously renovated with top-of-the-line stainless steel appliances. Furthermore, the option of acquiring all units fully occupied ensures immediate returns on investment. Adding further allure is the fact that tenants are responsible for their own trash disposal as well as electrical and gas bills - effectively reducing operating expenses and maximizing profitability for buyers. Additionally, there lies untapped potential in the vacant garage which can be capitalized upon by renting it out or even considering conversion into an ADU (Accessory Dwelling Unit), thereby bolstering already promising financial prospects associated with this exceptional property in Hawthorne's real estate market.
Courtesy of , Armin Soleimani - CA DRE#
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