4455 W Rosecrans Avenue

    Lawndale, CA 90250
    • $999,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: PV18174252
    UPDATED: 141 min ago
    $999,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,743
      SQFT
    • $364
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Must be sold with neighboring property, 4451 W. Rosecrans Ave., Hawthorne, CA 90250. Properties are located in the city of Lawndale, with a Hawthorne mailing address. Legal triplex, currently operating as four units - seller purchased it this way. Two 2-bedroom 2-bath units, and two 1-bedroom 1-bathroom units spread throughout two separate buildings. One unit is not permitted. Buyer to be responsible for any city-required repairs or modifications to the building. NO RENT CONTROL. Perfect asset for your portfolio, with long-term, happy tenants. M1 zoning allows for future development potential on top of current rental income. Very little turnover and extremely low vacancy. Prime South Bay location, centrally located nearby the New NFL stadium in Inglewood, SpaceX, LAX, and many other employment hubs and aerospace corporations. Property is owner's pride and joy, has been carefully maintained since it's purchase.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-19T00:30:30.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87123979

    4455 W Rosecrans Avenue Lawndale, CA 90250

    • Price: $999,000
    • Status: Active
    • Updated: 141 min ago
    • ID#: PV18174252
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,743
    SQFT
    $364
    $/SQFT
    1948
    Built
    Neighborhood:
    112 - North Lawndale
    County:
    Los Angeles
    Area:
    112 - North Lawndale
    Property Description
    Must be sold with neighboring property, 4451 W. Rosecrans Ave., Hawthorne, CA 90250. Properties are located in the city of Lawndale, with a Hawthorne mailing address. Legal triplex, currently operating as four units - seller purchased it this way. Two 2-bedroom 2-bath units, and two 1-bedroom 1-bathroom units spread throughout two separate buildings. One unit is not permitted. Buyer to be responsible for any city-required repairs or modifications to the building. NO RENT CONTROL. Perfect asset for your portfolio, with long-term, happy tenants. M1 zoning allows for future development potential on top of current rental income. Very little turnover and extremely low vacancy. Prime South Bay location, centrally located nearby the New NFL stadium in Inglewood, SpaceX, LAX, and many other employment hubs and aerospace corporations. Property is owner's pride and joy, has been carefully maintained since it's purchase.
    Exterior Features

    Garage Spaces 3.00 Lot Features Lot 6500-9999Near Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cable Tv Expense 0.00 Cap Rate 5.05 Community Features CurbsSidewalksStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Exclusions Tenants' Personal Property Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 0.00 Gross Income 69120.00 Gross Multiplier 14.45 Gross Scheduled Income 69120.00 Insurance Expense 750.00 Land Lease YN No Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 0.00 Net Operating Income 50482.00 New Construction YN No New Taxes Expense 12500.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 18638.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Rent Control YN No Security Expense 0.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0.00 Total Actual Rent 5760.00 Total Expenses 18638.00 Trash Expense 588.00 Water Sewer Expense 4800.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor Zoning Lnm1yy

    Listing provided courtesy of Rodman Amiri of Merit Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-19T00:30:30.353. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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