13605 Cerise Avenue

Heathrow, CA 90250

  • 0 Bed(s)
  • 0 Bath(s)
  • 12,884 Sqft
  • 13292
    Sqft(Lot)
$3,995,000

Description

We are pleased to announce that we have just listed 13605 cerise ave., hawthorne, ca, which is a beautiful 3-story, 15-unit apartment building built in 1986. this is the first time the property has been on the market, originally developed by the seller. the owner recently installed a brand-new roof and painted the entire building. the units are huge (averaging 858 sq. ft.) and very well laid out. the unit mix consists of 1-3bd/2ba townhouse unit, 1-2bd/1ba unit, 1-2bd/2ba unit, and 12-large 1bd/1ba units. the units have expansive city views. there is abundant parking at the property, with one enclosed garage spot, 21 tuck under spaces and 5 car port parking spaces at the rear of the property. due to the ample parking, a buyer should be able to explore the possibility of converting the car port and building 1 or 2 adu.



the front townhouse unit has a nice, fenced yard that will be delivered vacant. there is a large laundry room on the ground floor. the parking lot is secured with a remote opener for the convenience of the tenants.



the area surrounding the property consists of single-family homes and small to mid-sized apartment buildings. the property is located approximately 2 miles from both the 105 and 405 freeways, which provide quick access to major employment centers throughout the area, including lax, inglewood, gardena, the beach cities, the westside and downtown la. the subject property also benefits from its close proximity to the spacex research and development center.



the property is listed at $3,995,000, which is well below replacement cost at $310.07 per sq. ft. and $266,333 per unit. the property is listed just under a 5% cap rate and should deliver a solid cash flow with rent upside. offering memorandum included as a supplement to this listing.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46825234

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1986
    • Building Area Total: 12,884

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3051
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 13292

  • Listing Price Information

    • Original List Price: 3,995,000
    • Listing Contract Date: 2024-09-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4052004003

  • Garage and Parking

    • Garage Description: Covered,Carport,Garage,Tandem

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 110 - East Hawthorne
    • Directions: South of W. 135th, West of Crenshaw
    • Zoning: HAR3*
    • Source Property Type: Residential Income
    • Area: 110 - East Hawthorne
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 38
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Side
    • Property Attached: Yes
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 11/19/2024 @ 22:31

  • MLS: SB24182655
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 12,884 sqft, 13,292 sized lot, and 1 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Heathrow , in zip code 90250, this Los Angeles County Home are nearby neighborhoods.