12828 Doty Ave, Hawthorne, CA 90250

Property Description

Excellent income property opportunity with this fully-occupied building in the rising city of Hawthorne. This 1990-built triplex offers highly sought after townhouse-style units that command premium rents. There are two 3-bed/2.5-bath over-sized units with kitchen and living quarters below with half bathroom and three bedrooms/two bathrooms upstairs that sport a master bedroom with ensuite bath. The front unit (shown in the listing pictures) has been completely rehabbed and was rented less than a week. The back unit is 2-bedroom/2-bathroom on one private second-story level that can be brought much higher from its current rent. Each unit comes with two covered carport parking spaces and access to a shared community laundry room. The current CAP is an attractive 4.87% return with loads of upside to a market CAP between 5.5% and 6%, if you choose to rehab the remaining two units. A very easy to manage property that is NOT rent-controlled and has great potential growth prospects fueled by SpaceX and the growing Hawthorne airport. This property offers a compelling current CAP with fabulous upside, premium townhome-style units, and a price per square foot under $300...this is an income opportunity that will not last.