Seller's Agent in 2021
Todd Hawke
Keller Williams Realty Downey
(310) 774-3746
1 in this area
11 Total Sales
13520 Lemoli Ave Hawthorne, CA 90250
9
Beds
5
Baths
16,840
Sq Ft
20,743
Sq Ft Lot
About This Home
As of August 202113520 Lemoli Avenue is a 26-unit investment property located in dynamic Hawthorne, California.
Secure gated pedestrian and vehicle entries provide access
into two structures with a mix of: (19) 1BD / 1BA; (5) 2BD / 1BA; (1) 3BD / 1.5BA; and (1) 3BD / 1BA. Gas is master metered and electricity is individually metered. Ample parking is available with 27 parking spaces and one double garage. Four washers and
six dryers are onsite, belong to the property and provide laundry revenue.
Additional income may be realized through the implementation of a RUBS program and separating parking income from leases.
The 1970's construction provides a favorable scenario for construction and renovation, should a new owner wish to take advantage of the value add opportunity.
The Hawthorne submarket is an expanding area of the South Bay, providing strong employment growth with companies such as SpaceX and Ring (recently bought by Amazon) located just 1.5 miles away from the subject property, along with the brand new Rams NFL Stadium just miles away in neighboring Inglewood.
13520 Lemoli Avenue provides an investor with a sizable value add play in a high growth area of the South Bay, with the opportunity for 16%-18% upside.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01376219 Listed on: 06/04/2021
Co-Listed By
Joshua Cohen
Keller Williams Realty License #01346713
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 0.48 Acre Lot
- Two or More Common Walls
- Density is 26-30 Units/Acre
Parking
- 2 Car Garage
- 27 Carport Spaces
Home Design
- 16,840 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Legal Lot and Block 82 / C
- Tax Tract Number 874
- Assessor Parcel Number 4052009008
Community Details
Overview
- 2 Buildings
- 26 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 27 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $9,589
- Fuel Expense $9,589
- Gardener Expense $1,680
- Insurance Expense $8,419
- Maintenance Expense $14,300
- Other Expense $4,550
- Pest Control $1,000
- Professional Management Expense $26,082
- Trash Expense $10,613
- Water Sewer Expense $9,589
- New Taxes Expense $84,880
- Operating Expense $181,979
- Gross Income $452,044
- Net Operating Income $270,065
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2021 08/31/21 | Sold | $6,100,000 | -3.9% | $362 / Sq Ft |
| 07/07/2021 07/07/21 | Pending | -- | -- | -- |
| 06/04/2021 06/04/21 | For Sale | $6,350,000 | -- | $377 / 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 | $85,840 | $6,473,368 | $2,334,657 | $4,138,711 |
| 2024 | $82,692 | $6,346,440 | $2,288,880 | $4,057,560 |
| 2023 | $79,630 | $6,222,000 | $2,244,000 | $3,978,000 |
| 2022 | $80,787 | $6,100,000 | $2,200,000 | $3,900,000 |
| 2021 | $70,758 | $5,253,789 | $1,501,082 | $3,752,707 |
| 2020 | $70,564 | $5,220,019 | $1,485,691 | $3,734,328 |
| 2019 | $68,291 | $5,118,060 | $1,456,560 | $3,661,500 |
| 2018 | $65,816 | $5,018,100 | $1,428,000 | $3,590,100 |
| 2016 | $47,957 | $3,600,000 | $1,100,000 | $2,500,000 |
| 2015 | $16,169 | $978,310 | $521,767 | $456,543 |
| 2014 | $16,167 | $959,147 | $511,547 | $447,600 |
Source: Public Records
Agents Affiliated with this Home
-
Todd Hawke
-
J
Seller Co-Listing Agent in 2021
Joshua Cohen
Keller Williams Realty
-
Robert Stepp
Buyer's Agent in 2021
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
2 in this area
75 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21118576
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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