NOT LISTED FOR SALE

4750 W Broadway Hawthorne, CA 90250

3 Beds
10 Baths
7,430 Sq Ft
0.28 Acres

Last Sold June 13, 2024

Last sale price $3,290,000 $443 Per Sq Ft

6 Days on Market

Highlights

  • 0.28 Acre Lot
  • Garden
  • 4-minute walk to Eucalyptus Park
  • Laundry Room

About This Home

As of June 2024

Sixteen (16) Non-Rent Controlled Units in Hawthorne; less than one (1) Mile to Space X and the Tesla Design Center. Offered at only $205,938 / Unit, the property boasts a 5.39% Actual CAP, and 7.70% Pro-Forma CAP Return. This recession proof complex has a Unit Mix of: One (1) 2 Bedroom/1Bath, Five (5) 1 Bedroom/1Bath and Ten (10) Studios, which rarely become vacant. Furthermore, the real estate sits on Two Parcels of land (a Fourteen (14) unit Parcel, and a Two (2) unit Parcel), which makes the need for a dedicated on-site manager optional ~ buyer to verify. The property has ample parking with Six (6) Open Stalls, Twelve (12) Carports and One (1) Garage, allowing for ADU Opportunities as well. The City of Hawthorne has become highly sought after due to its centralized location with Playa Del Ray directly to the West, and Culver City bordering to the North. Note: Although the property is NOT subject to any City Rent Control requirements, the building still falls under California AB1482.

Last Agent to Sell the Property

Pat Swanson

Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 03/26/2024

Last Buyer's Agent

Rahul Bhagat

eXp Realty of California Inc License #01717339

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Garden
  • 4041018043

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 7,430 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 20 / Z
  • Tax Tract Number 602106
  • Assessor Parcel Number 4041018039
  • $4,549 per year additional tax assessments

Community Details

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $12,794
  • Fuel Expense $7,076
  • Insurance Expense $7,430
  • Professional Management Expense $22,101
  • Trash Expense $4,074
  • Water Sewer Expense $6,497
  • Operating Expense $118,121
  • Gross Income $295,604
  • Net Operating Income $177,483

Additional Features

  • 16 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Professional Management Expense: 22101.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6497.00
  • Zoning: HAR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4041018039
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 442.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4074.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 4041018043
  • Land Lease: No
  • Lot Features: Garden
  • Lot Size Sq Ft: 12006.00
  • Lot Size Acres: 0.2756
  • Latitude Manual: 33.91971000

Multi Family

  • Electric Expense: 12794.00
  • Fuel Expense: 7076.00
  • Gross Income: 295604.00
  • Gross Scheduled Income: 302891.00
  • Insurance Expense: 7430.00
  • Lot Size Area: 12006.0000 Square Feet
  • Net Operating Income: 177483.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 118121.00
  • Rent Control: No
  • Total Actual Rent: 25241.00
  • Total Expenses: 118121.00

Tax Info

  • Tax Block: Z
  • Tax Census Tract: 6021.06
  • Tax Lot: 20
  • Tax Tract Number: 602106
  • TaxOtherAnnualAssessmentAmount: 4549.00
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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
06/13/2024 06/13/24 Sold $3,290,000 -0.2% $443 / Sq Ft
03/26/2024 03/26/24 For Sale $3,295,000 -- $443 / 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 $5,785 $688,500 $295,800 $392,700
2024 $5,785 $283,962 $141,981 $141,981
2023 $5,616 $278,396 $139,198 $139,198
2022 $5,634 $272,938 $136,469 $136,469
2021 $5,578 $267,588 $133,794 $133,794
2019 $5,417 $259,654 $129,827 $129,827
2018 $5,182 $254,564 $127,282 $127,282
2016 $4,878 $244,682 $122,341 $122,341
2015 $4,762 $241,008 $120,504 $120,504
2014 $4,711 $236,288 $118,144 $118,144
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24059985

California Regional Multiple Listing Service (CRMLS)