NOT LISTED FOR SALE

13111 Doty Ave Hawthorne, CA 90250

12 Beds
6 Baths
4,860 Sq Ft
6,752 Sq Ft Lot

Last Sold February 24, 2022

Last sale price $1,975,000 $406 Per Sq Ft

58 Days on Market

Highlights

  • Automatic Gate
  • Living Room
  • Laundry Room
  • Park or Greenbelt View
  • Park
  • 1-minute walk to Bicentennial Park

About This Home

As of February 2022

We are proud to exclusively present this amazing Owner/User or Great Value Play Investment opportunity located at 13111 Doty Ave in the South Bay neighborhood of Hawthorne. Building 4860-square-foot, 6 units all 2 bed / 1 bath. Building is two story building situated on a 6751-square-foot lot. The building has been meticulously maintained by the current owners, whom in 2019, also replaced the Roof and installed a Fire Sprinkler System. The Subject Property located just East of Prairie and South of El Segundo and has plenty of parking. Close to 405 FWY and 105FWY, LAX Airport, New SOFI Stadium, Costco, SpaceX and South Bay Beaches.


There is a tremendous potential for upside as an investment property due to the fact that nearly all the tenants are on month-to-month lease terms and are paying under market rents. This is also a great opportunity for an Owner/User or Great Value Play for an experience investor to maximize rents to there market potential. This is a South Bay property that is going to sell fast.

Last Agent to Sell the Property

Carlos Torres

Realty ONE Group United License #01940702 Listed on: 11/15/2021

Realty ONE Group United

Last Buyer's Agent

Kimiyasu Murayoshi

Andrew C. Lee License #01329437

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1986

Lot Details

  • 6,751 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Fire Rated Drywall
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,860 Sq Ft Home
  • 2-Story Property
  • Living Room

Kitchen

  • Gas Range
  • Range Hood

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Alarm System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 1 Open Parking Space
  • 14 Parking Spaces
  • 13 Carport Spaces
  • Parking Available
  • Tandem Covered Parking
  • Driveway
  • Automatic Gate
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 43
  • Tax Tract Number 874
  • Assessor Parcel Number 4050007033

Community Details

Recreation

  • Park
  • Bike Trail

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,642
  • Gardener Expense $600
  • Insurance Expense $1,410
  • Maintenance Expense $1,776
  • Other Expense $2,648
  • Trash Expense $2,402
  • Water Sewer Expense $6,996
  • New Taxes Expense $25,600
  • Operating Expense $43,154
  • Gross Income $79,246
  • Net Operating Income $79,246

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1986

Lot Details

6,751 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 3.96
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Automatic Gate, Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Water Sewer Expenses: 6996.00
  • Zoning: HAR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4050007033
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 406.38
  • Room Type: Kitchen, Living Room

Exterior Features

  • Exterior Features: Lighting, Rain Gutters
  • View: Neighborhood, Park/Greenbelt
  • Pool Private: No
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 13.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Detached Carport, Covered, Driveway, Concrete, Gated, Tandem Covered
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2402.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550
  • Latitude Manual: 33.91342000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1642.00
  • Gross Income: 79246.00
  • Gross Multiplier: 16.00
  • Gross Operating Income: 122400.00
  • Gross Scheduled Income: 122400.00
  • Insurance Expense: 1410.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6751.0000 Square Feet
  • Maintenance Expense: 1776.00
  • Net Operating Income: 79246.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 37256.00
  • Other Expense: 2648.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 122400.00
  • Total Expenses: 43154.00

Tax Info

  • New Taxes Expense: 25600.00
  • Tax Census Tract: 6025.08
  • Tax Lot: 43
  • Tax Tract Number: 874
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2022 02/24/22 Sold $1,975,000 -1.3% $406 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
12/28/2021 12/28/21 Price Changed $2,000,000 -9.1% $412 / Sq Ft
12/13/2021 12/13/21 For Sale $2,200,000 +11.4% $453 / Sq Ft
11/24/2021 11/24/21 Off Market $1,975,000 -- --
11/24/2021 11/24/21 For Sale $2,200,000 +11.4% $453 / Sq Ft
11/23/2021 11/23/21 Off Market $1,975,000 -- --
11/15/2021 11/15/21 For Sale $2,200,000 -- $453 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $32,953 $2,631,795 $1,910,174 $721,621
2024 $32,953 $2,580,192 $1,872,720 $707,472
2023 $31,723 $2,529,600 $1,836,000 $693,600
2022 $7,441 $463,447 $188,274 $275,173
2021 $7,346 $454,361 $184,583 $269,778
2019 $7,120 $440,886 $179,109 $261,777
2018 $6,804 $432,243 $175,598 $256,645
2016 $6,429 $415,460 $168,780 $246,680
2015 $6,296 $409,220 $166,245 $242,975
2014 $6,291 $401,205 $162,989 $238,216
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21247178

California Regional Multiple Listing Service (CRMLS)
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