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

Patrick 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

  • Price Per Unit: 205938
  • 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
  • Entry Location: Front
  • 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

Range of Values:

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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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Swanson

    Seller's Agent in 2024

    Patrick Swanson

    Pat Swanson

    (213) 864-2862

    1 in this area

    59 Total Sales

    Patrick Swanson
    Section Image
  • Rahul Bhagat

    Buyer's Agent in 2024

    Rahul Bhagat

    eXp Realty of California Inc

    (310) 753-7016

    3 in this area

    96 Total Sales

    Rahul Bhagat
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24059985

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Hawthorne 90250

4750 W Broadway, Hawthorne, CA

This home is located at 4750 W Broadway, Hawthorne, CA 90250 since 26 March 2024. This property was built in 1962. 4750 W Broadway is a home located in Los Angeles County with nearby schools including Eucalyptus School, Hawthorne Middle School, and Hawthorne High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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