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13632 -36 Cerise Avenue

Hawthorne, CA 90250
  • $2,799,000
  • STATUS: Active
  • ON SITE: 92 Days
  • MLS #: 25484647
UPDATED: 58 min ago
$2,799,000
  • 12
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,920
    SQFT
  • $569
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Fred Nabati of Trimax Realty, Inc. (310-954-0808)


Description

Located in the transitional Hawthorne, that has been going through development and gentrification over the last 5-10 years. This property benefits from a strategic location with proximity to major highways, public transportation, schools, and shopping centers. Investor can increase rents on 3 out of the 6 units to increase the return on investment or an investor can sell each unit individually for a higher return on investment. Hawthorne has a stable rental market with a strong demand for housing making this property a solid investment choice and further stabilized via regular tenancy leases. Hawthorne benefits from a diverse local economy with opportunities in retail, healthcare, education, and manufacturing, ensuring a steady pool of potential tenants. The property has historically maintained low vacancy rates due to its attractive location and well-maintained units. With .44 of an acre of land, there is potential of development for a higher density. Please check with the City of Hawthorne and or your desired professionals.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159760328
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13632 -36 Cerise Avenue Hawthorne, CA 90250

  • Price: $2,799,000
  • Status: Active
  • On Site: 92 Days
  • Updated: 58 min ago
  • MLS #: 25484647
12
Beds
0
Baths
0
½ Baths
0.45
Acres
4,920
SQFT
$569
$/SQFT
1959
Built
Neighborhood:
110 - East Hawthorne
County:
Los Angeles
Area:
110 - East Hawthorne
Property Description
Located in the transitional Hawthorne, that has been going through development and gentrification over the last 5-10 years. This property benefits from a strategic location with proximity to major highways, public transportation, schools, and shopping centers. Investor can increase rents on 3 out of the 6 units to increase the return on investment or an investor can sell each unit individually for a higher return on investment. Hawthorne has a stable rental market with a strong demand for housing making this property a solid investment choice and further stabilized via regular tenancy leases. Hawthorne benefits from a diverse local economy with opportunities in retail, healthcare, education, and manufacturing, ensuring a steady pool of potential tenants. The property has historically maintained low vacancy rates due to its attractive location and well-maintained units. With .44 of an acre of land, there is potential of development for a higher density. Please check with the City of Hawthorne and or your desired professionals.
Exterior Features

Architectural Style Bungalow Attached Garage YN Yes Entry Location Ground Level - no steps Foundation Details Slab Lot Features Value In Land Number Of Separate Electric Meters 6 Parking Features AssignedCovered Parking Total 6 Patio And Porch Features None Roof CompositionShingle View None View YN No

Interior Features

Appliances DishwasherGas CooktopDisposalGas OvenMicrowaveOvenRefrigeratorWasher Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Association YN No Buyer Financing CashPrivate Cap Rate 3.79 Community Features Gated Exclusions PER LEASES AND ESTOPPEL CERTIFICATES Garage YN Yes Gross Income 15317 Inclusions PER LEASES AND ESTOPPEL CERTIFICATES Land Lease YN No Laundry Features In Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 106076.93 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Number Of Units Leased 6 Possession Close Of Escrow Rent Control YN No Security Features Carbon Monoxide Detector(s)Gated CommunitySmoke Detector(s) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TVElectricityGasInsuranceOtherTrash Collection Vacancy Allowance Rate 0 Water Source Public Zoning HAR3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Fred Nabati of Trimax Realty, Inc. (310-954-0808)