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11966 Oxford Avenue

Hawthorne, 90250

0 Bd
0 Ba
8,741 Lot
$1,887,000 SOLD Price | Closed 9/19/24
Closed Status
6 Days on Market
Aug 21 First Day Active
$1,895,000 Start Price

Description

We are pleased to exclusively offer for sale this meticulously maintained 7 unit multi-family property in the city of Hawthorne. This investment property features a comprehensive array of layouts including one 3-Bedroom/2-Bath, four 2-Bedroom/1-Bath, and two 1-Bedroom/1-Bath units, spread across a well-utilized 8,741 square foot lot, with a total of 6,314 square feet of rental space.



Each unit is separately metered for electricity and gas, enhancing cost efficiency and ease of management. Tenants benefit from the convenience of onsite car-port parking and a communal laundry facility. Significant updates have been made to the infrastructure, including updated copper plumbing and a new sewer line, ensuring reduced maintenance concerns for the new owner.



Located in a community with strong rental demand, this property not only offers stable cash flow but also boasts a 40% potential upside in rental income, as all units are due for their annual rent increase that a new investor can implement immediately. Additionally, attractive Private Seller Financing is available with the following terms: 25% down payment, 6.5% interest-only payments, due and payable in 7 years. Located in close proximity to Manhattan Beach, Sofi Stadium, and LAX Airport, this property is ideally situated to attract and retain high-quality tenants who appreciate the blend of residential comfort and accessibility to major attractions and transportation hubs. Overall this is an outstanding investment opportunity for both seasoned and new investors seeking to maximize returns and long-term capital growth.

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Property Details for 11966 Oxford Avenue

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Kristopher German
Listing Brokered By
RE/MAX 2000 REALTY
Type
Residential Income, Apartment
Year Built
1962 (Assessor)
MLS Area
109 - Ramona/Burleigh

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
6 DOM
Combined DOM*
6
First Date Active
August 21st, 2024
Closing Date
September 19th, 2024
Sold Price
$1,887,000
Orig. List Price
$1,895,000
MLS® #
CV24173175
APN
4047023004
Special
Standard

Home Interior Information

Levels/Stories
Two

Room Information

Laundry
CommonArea, Inside

Exterior Information

Lot Description
SixToTenUnitsAcre
Lot Size (sq. ft.)
8,741
Lot Size (acres)
0.20
Pool
None
Parking Spaces
7

Utilities Information

Water Source
Public

Additional Information

Zoning
HAR3YY

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
109 - Ramona/Burleigh
City/State
Hawthorne
Zip Code
90250
County
Los Angeles
# of Units
7
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Listing/Price History

11966 Oxford Avenue, Hawthorne, (MLS® #CV24173175)

Date Details Price Change
Closed $1,887,000
Pending
Active Under Contract (from Active)
First Day Active $1,895,000
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Listing Summary

Quick Summary of 11966 Oxford Avenue: This home in Hawthorne is priced at $1,895,000 . The Apartment residence was originally built in 1962 and was listed on August 21st, 2024 at $1,895,000, showing 6 Days on Market currently. Contact Dave Fratello today for more information or to go see 11966 Oxford Avenue.

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Based on information from California Regional Multiple Listing Service, Inc. as of January 25th, 2025 at 4:20am PST. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.