NOT LISTED FOR SALE

4954 W 119th St Hawthorne, CA 90250

12 Beds
10 Baths
7,505 Sq Ft
9,775 Sq Ft Lot

Last Sold June 26, 2024

Last sale price $2,600,000 $346 Per Sq Ft

1 Day on Market

Highlights

  • Gated Parking
  • Laundry Room
  • 8 Attached Carport Spaces
  • No HOA

About This Home

As of June 2024

Great investment property located in the northwest corner of Hawthorne. This 10-unit property consists of one townhouse-style 3bed/2.5bath front unit and nine 1bed/1bath units. Easy access to the 105 and 405 freeways and conveniently located near Sofi Stadium, the Forum, Hawthorne Memorial Park, SpaceX, Costco Business Center and more!

Last Agent to Sell the Property

Mariko Artis

ADW Management USA, Inc. Brokerage Email: m.artis@re-adworks.com License #02062257 Listed on: 04/30/2024

ADW Management USA, Inc.

Last Buyer's Agent

Joseph Geonetta

R.E.M.S. Inc License #01949303

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 9,775 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • 8 Attached Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Gated Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 7,505 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 58
  • Tax Tract Number 2704
  • Assessor Parcel Number 4141010022

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $988
  • Fuel Expense $2,369
  • Gardener Expense $2,300
  • Insurance Expense $4,302
  • Maintenance Expense $3,000
  • Other Expense $1,000
  • Pest Control $456
  • Professional Management Expense $8,216
  • Trash Expense $3,409
  • Water Sewer Expense $3,840
  • New Taxes Expense $33,310
  • Operating Expense $63,190
  • Gross Income $205,388
  • Net Operating Income $142,198

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

9,775 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 5.47
  • Professional Management Expense: 8216.00
  • Property Attached: No
  • Water Sewer Expenses: 3840.00
  • Zoning: HAR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2300.00
  • Parcel Number: 4141010022
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 346.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Paved, Garage Faces Front, Gated
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 456.00
  • Sewer: Public Sewer
  • Trash Expense: 3409.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9775.00
  • Lot Size Acres: 0.2244
  • Latitude Manual: 33.92522500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 988.00
  • Fuel Expense: 2369.00
  • Gross Income: 205388.00
  • Gross Multiplier: 12.28
  • Gross Operating Income: 205388.00
  • Gross Scheduled Income: 211740.00
  • Insurance Expense: 4302.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2640.00
  • Lot Size Area: 9775.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Maintenance Percent: 1.50
  • Net Operating Income: 142198.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 63190.00
  • Operating Expense Percent: 30.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserve
  • Rent Control: No
  • Total Actual Rent: 17425.00
  • Total Expenses: 63190.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 33310.00
  • Tax Lot: 58
  • Tax Tract Number: 2704
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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 Prior Sale
06/26/2024 06/26/24 Sold $2,600,000 0.0% $346 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/30/2024 04/30/24 For Sale $2,600,000 +33.3% $346 / Sq Ft
10/04/2017 10/04/17 Sold $1,950,000 -1.3% $290 / Sq Ft View Prior Sale
08/28/2017 08/28/17 Pending -- -- --
08/21/2017 08/21/17 For Sale $1,975,000 -- $293 / 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 $40,950 $2,652,000 $1,428,000 $1,224,000
2024 $40,950 $3,171,571 $984,280 $2,187,291
2023 $39,432 $3,109,384 $964,981 $2,144,403
2022 $40,013 $3,048,416 $946,060 $2,102,356
2021 $39,481 $2,988,644 $927,510 $2,061,134
2019 $38,091 $2,900,600 $900,000 $2,000,600
2018 $25,939 $1,950,600 $650,000 $1,300,600
2016 $11,363 $766,894 $164,914 $601,980
2015 $11,120 $755,375 $162,437 $592,938
2014 $11,106 $740,580 $159,256 $581,324
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24085222

California Regional Multiple Listing Service (CRMLS)
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