13608 Chadron Ave, Hawthrone, CA 90250 | 13604 Chadron Ave
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13608 Chadron Ave, Hawthrone, CA 90250 13604 Chadron Ave
30 Unit Block of Flats £5,007,680 (£166,923/Unit) 4.07% Net Initial Yield Hawthorne, CA 90250
Investment Highlights
- Individually Parceled Buildings
- 48 Covered Parking Spaces
- Convenient Location close to LAX , Beaches , Sports and Entertainment Complexes
- Substantial Capital Expenditures: Roofs, Water Heaters, Landscaping
- Many Renovated Units: New flooring, Kitchens, Bathroom and Appliances
Executive Summary
Executive Summary
13604 & 13608 Chadron Ave. presents an attractive investment opportunity. The Asset is comprised of 30 units in two identical but individually parceled 15-unit buildings. The complex shares a total of 48 covered parking spaces, creating the potential for additional income from parking. Each building has 14 one bedroom, one bath units and 1 townhome style, two bedroom one & a half bathroom unit. All units are separately metered for gas and electricity.
Both buildings have extensive Captial improvements. Which include new roofs, some sewer line replacements and drought resistant water efficient landscaping. Multiple units have recent renovated kitchens, bathrooms, flooring and new appliances. Based on actual expenses the asset is projected to be operating at a 5.3% CAP rate for the upcoming 12 months and is being offered for $213,333 per unit.
Each apartment unit offers owner provided stoves, microwaves, and dishwashers. Tenants have the added convenience of an onsite laundry facility, intercom entry and gated parking.
13604 & 13608 Chadron Ave. presents an attractive investment opportunity. The Asset is comprised of 30 units in two identical but individually parceled 15-unit buildings. The complex shares a total of 48 covered parking spaces, creating the potential for additional income from parking. Each building has 14 one bedroom, one bath units and 1 townhome style, two bedroom one & a half bathroom unit. All units are separately metered for gas and electricity.
Both buildings have extensive Captial improvements. Which include new roofs, some sewer line replacements and drought resistant water efficient landscaping. Multiple units have recent renovated kitchens, bathrooms, flooring and new appliances. Based on actual expenses the asset is projected to be operating at a 5.3% CAP rate for the upcoming 12 months and is being offered for $213,333 per unit.
Each apartment unit offers owner provided stoves, microwaves, and dishwashers. Tenants have the added convenience of an onsite laundry facility, intercom entry and gated parking.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £5,007,680 | Property Subtype | Apartment |
| Price Per Unit | £166,923 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 4.07% | Lot Size | 0.60 AC |
| Gross Rent Multiplier | 13.9 | Building Size | 11,250 SF |
| No. Units | 30 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1986 |
| Price | £5,007,680 |
| Price Per Unit | £166,923 |
| Sale Type | Investment |
| Net Initial Yield | 4.07% |
| Gross Rent Multiplier | 13.9 |
| No. Units | 30 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 11,250 SF |
| Number of Floors | 2 |
| Year Built | 1986 |
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Gas Range
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 28 | £1,189 | - |
| 2+1.5 | 2 | £1,761 | - |
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Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £2,687,049 (2024) | |
| Land Assessment | £631,364 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £2,055,686 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£631,364 (2024)
Improvements Assessment
£2,055,686 (2024)
Total Assessment
£2,687,049 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | HAR3* |
| HAR3* |
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13608 Chadron Ave, Hawthrone, CA 90250 | 13604 Chadron Ave
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