4055 W 129th St Hawthorne, CA 90250
Estimated payment $34,713/month
Highlights
- Private Pool
- No HOA
- Laundry Room
- 0.4 Acre Lot
- Cooling Available
- Dog Park
About This Home
Introducing The Crest Apartments, a 25-unit community at 4055 W. 129th Street in the heart of Hawthorne, offered for the first time by the original families who developed it in 1966. The property is attractively priced at a 5.58% cap rate, 10.58 GRM, and $222,356 per unit and features (3) studios, (20) one-bedroom/one-bath units, and (2) two-bedroom/one-bath units (including one non-conforming). On-site amenities include landlord-owned laundry machines, a central courtyard with a pool, gated parking for 29 vehicles, secured entry, and a security camera system. The building is master-metered, with the potential to implement a RUBS (Ratio Utility Billing System) to allocate utility costs to tenants based on unit size or occupancy, providing additional income growth. Subject to statewide rent control under AB 1482, all eligible units received rent increases (5% + CPI) in October 2025. Additional improvements include a major drain line replacement in 2022 (195 ft.), supply line replacements as needed, significant roof updates in 2010, and completion of SB 721 balcony inspections and required repairs (final sign-off pending). Situated west of Prairie Avenue, the property is centrally located near Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major freeway access. The Crest Apartments offers a well-maintained, stable investment with strong fundamentals and clear upside potential in one of the South Bay’s most dynamic rental markets. Reach out to the Listing Agents for the Offering Memorandum.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: bobby@lyonstahl.com License #02145409 Listed on: 12/12/2025
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: bobby@lyonstahl.com License #02035763
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 0.4 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 1 Open Parking Space
- 2 Car Garage
- 26 Carport Spaces
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 2nd floor
Interior Spaces
- 13,903 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Pool
- Private Pool
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 1418
- Assessor Parcel Number 4045023034
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 25 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
- Dog Park
Building Details
- 24 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Operating Expense $199,306
- Gross Income $525,488
- Net Operating Income $310,418
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/12/2025 12/12/25 | For Sale | $5,558,888 | -- | $400 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25272005
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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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