12009 Cedar Ave, Hawthorne, CA 90250

Property Description

Completely renovated Duplex in Hawthorne, CA. The property currently is performing at a 3.91% cap rate and has room to grow to a 4.14% cap. The property can either be delivered with the current tenants in place or with a vacant unit at the buyers request. New balcony in front unit, as well as new driveway, side walkways, and front gate. Brand new kitchens, appliances, floors, and bathrooms. The back unit has been fully remodeled, including stainless steel appliances, washer and dryer, wood laminate floors, new full bathroom, and new quartz countertops. Backyard is full of new planters, plants, and furniture.
 
 Highlighting the future of Hawthorne, the proposal of the $500-million redevelopment of the Hawthorne Plaza Shopping Center have been released, stating the development will include over 600 housing units, offices and 500,000 square feet of commercial space, to go along with many other amenities. With easy access to freeways and just down the street from Space X, Tesla, Amazon, and the growing tech scene in El Segundo, this property provides a great opportunity to own an investment in a city that has seen a lot of appreciation in recent years. Other nearby eateries, bars, shops, and entertainment facilities include - LA Aleworks, Eureka Tasting Kitchen, Ralphs, Starbucks, and new LA Rams Stadium.