13314 Cordary Avenue, Hawthorne, CA 90250
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Listed Price :
$1,495,000
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Beds :
9
-
Baths :
6
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Property Size :
4,032 sqft
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Year Built :
1964
Property Description
Situated at 13314 Cordary Ave in Hawthorne, this four-unit apartment building offers 4,032 square feet of living space on a 5,600-square-foot lot in a thriving, high-demand market. Just minutes from SpaceX, SoFi Stadium, Intuit Dome, and Kia Forum, the location provides easy access to major job centers, entertainment, and transportation.The property features (2) spacious 3-bedroom/2-bath units, each equipped with in-unit washer and dryer, perfect for maximizing rental income or an owner-occupant. It also includes (1) 2-bedroom/1-bath unit and (1) 1-bedroom/1-bath unit. The property presents a strong investment opportunity with a current cap rate of 4.11% with still 41% rental upside and market cap rate of 6.54%. Furthermore, its priced at an attractive price per square foot metric, sitting below the averages of what has sold in the area. Additionally, there's room to build two ADUs in the back, creating even more potential to add value and boost rental income. With no local rent control, the property defaults to AB 1482 statewide rent control, allowing for greater flexibility in rent increases and providing a more investor-friendly environment.
Interior Features
| Bedroom Information |
| Bedrooms |
9 |
| Bathroom Information |
| Bathrooms |
6 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
13314 Cordary Avenue |
| City |
Hawthorne |
| State |
CA |
| Zip |
90250 |
| County |
Los Angeles |
| Listing Agent |
David Messiah DRE #02117893 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$1,495,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,032 |
| Lot Size |
5,602 |
| Year Built |
1964 |
Listing information courtesy of: David Messiah, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 12th, 2025 at 10:57 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
