13314 Cordary, Hawthorne CA 90250 | $1,495,000

Situated at 13314 Cordary Ave in Hawthorne, this four-unit apartment building offers 4,032 square feet of living space on a 5,600-square-foot lot in a thriving, high-demand market. Just minutes from SpaceX, SoFi Stadium, Intuit Dome, and Kia Forum, the location provides easy access to major job centers, entertainment, and transportation.The property features (2) spacious 3-bedroom/2-bath units, each equipped with in-unit washer and dryer, perfect for maximizing rental income or an owner-occupant. It also includes (1) 2-bedroom/1-bath unit and (1) 1-bedroom/1-bath unit. The property presents a strong investment opportunity with a current cap rate of 4.11% with still 41% rental upside and market cap rate of 6.54%. Furthermore, its priced at an attractive price per square foot metric, sitting below the averages of what has sold in the area. Additionally, there's room to build two ADUs in the back, creating even more potential to add value and boost rental income. With no local rent control, the property defaults to AB 1482 statewide rent control, allowing for greater flexibility in rent increases and providing a more investor-friendly environment.

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