Hawthorne, CA 90250

4436 W 137th St presents a strong investment opportunity, featuring five 2-bedroom units and one 3-bedroom unit. The property holds a significant rental upside of 20%+ and includes carports with potential for ADU development. The property was built in 1963 with 6,122 SF of living space on a substantial 7,754 SF lot.With over 230,000 households within a 5-mile radius and increasing levels of educational achievement and housing prices, the Hawthorne market has a large qualified tenant base that is underserved by the current aging housing supply. Additionally, the market skews younger, relatively, with Millennials making up nearly 45% of the population within a 5-mile radius. The Central South Bay submarket, which includes Hawthorne, Gardena, Lawndale, and Torrance is a growth market with just 3.7% multifamily vacancy currently. The average asking rents are around $2,000 with a market cap of approximately 5.4%. The South Bay market has seen slower new apartment construction than surrounding markets with less than 5% inventory growth year-over-year.4436 W. 137th St. is just a few blocks away from Hawthorne Blvd. which is filled with a mix of local and corporate/national retail, dining and entertainment options. Hawthorne's growth is evidenced by the recent Tesla/Space X development at Hawthorne Municipal Airport, along with dozens of supporting technology startups nearby. The area is represented by County Supervisor Holy Mitchell and Mayor Alex Vargas.