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12545 Eucalyptus Avenue

Hawthorne, 90250

0 Bd
0 Ba
12,707 Lot
$3,055,000 SOLD Price | Closed 3/8/24
Closed Status
24 Days on Market
Jan 5 First Day Active
$3,000,000 Start Price

Description

The subject property is a two story 11 unit apartment building built in 1961. It is located west of Hawthorne Blvd , one block north of El Segundo Boulevard, one block from Eucalyptus Elementary school and Park.



The unit mix consists of ten 2 bedroom 1.5 bath townhome style floor plans, and a one 3 bedroom 2 bath unit. There are 11 carports with parking and storage for each unit. The laundry room provides additional income and all washers and dryers are included as they are owned by the seller.



The building is 100% occupied and all rents were just increased and went into effect as of January 1, 2024. Tenants pay gas and electric for their individual units. There is still another 20%-25% or more upside in rents on most units which can be achieved over time since Hawthorne does not have its own rent control ordinance. A new roof was installed in 2023 and the electrical service was upgraded as well in 2023.



This is an excellent turn key investment with significant upside.

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Property Details for 12545 Eucalyptus Avenue

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Julie Lockwood
Listing Brokered By
Re/Max Estate Properties
Type
Residential Income, Apartment
Year Built
1960 (PublicRecords)
MLS Area
108 - North Hawthorne

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
24 DOM
Combined DOM*
24
First Date Active
January 5th, 2024
Closing Date
March 8th, 2024
Sold Price
$3,055,000
Orig. List Price
$3,000,000
MLS® #
SB24002889
APN
4041019042
Special
Trust

Home Interior Information

Levels/Stories
Two
Fireplaces
None

Room Information

Laundry
CommonArea

Exterior Information

Lot Description
11-15 Units/Acre, Level, Street Level
Lot Size (sq. ft.)
12,707
Lot Size (acres)
0.29
Pool
None
Parking Spaces
11

Utilities Information

Water Source
Public

Additional Information

Zoning
HAR3YY
Buyer's Brokerage Fee
2.500
Co-Agent
Stephen Lampe
Co-Agent Office
Re/Max Commercial & Investment

* 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
108 - North Hawthorne
City/State
Hawthorne
Zip Code
90250
County
Los Angeles
# of Units
11
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Listing/Price History

12545 Eucalyptus Avenue, Hawthorne, (MLS® #SB24002889)

Date Details Price Change
Closed $3,055,000
Pending
Active Under Contract (from Active)
First Day Active $3,000,000
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Listing Summary

Quick Summary of 12545 Eucalyptus Avenue: This home in Hawthorne is priced at $3,000,000 . The Apartment residence was originally built in 1960 and was listed on January 5th, 2024 at $3,000,000, showing 24 Days on Market currently. Contact Dave Fratello today for more information or to go see 12545 Eucalyptus Avenue.

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 9:55pm PDT. 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.