Hawthorne, CA 90250 13520 Lemoli Avenue

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  • MLS# PW21118576
  • 06/04/2021
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Presented By: Todd Hawke with Keller Williams - Santa Monica.
  • Beds • 35
  • Baths • 27
  • Garage • 2
  • Year Built • 1970

Home Details

13520 Lemoli Avenue is a 26-unit investment property located in dynamic Hawthorne, California. Secure gated pedestrian and vehicle entries provide access into two structures with a mix of: (19) 1BD / 1BA; (5) 2BD / 1BA; (1) 3BD / 1.5BA; and (1) 3BD / 1BA. Gas is master metered and electricity is individually metered. Ample parking is available with 27 parking spaces and one double garage. Four washers and six dryers are onsite, belong to the property and provide laundry revenue. Additional income may be realized through the implementation of a RUBS program and separating parking income from leases. The 1970's construction provides a favorable scenario for construction and renovation, should a new owner wish to take advantage of the value add opportunity. The Hawthorne submarket is an expanding area of the South Bay, providing strong employment growth with companies such as SpaceX and Ring (recently bought by Amazon) located just 1.5 miles away from the subject property, along with the brand new Rams NFL Stadium just miles away in neighboring Inglewood. 13520 Lemoli Avenue provides an investor with a sizable value add play in a high growth area of the South Bay, with the opportunity for 16%-18% upside.
Presented By: Todd Hawke with Keller Williams - Santa Monica.

Interior Features for 13520 Lemoli Avenue

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesCommon Area, Laundry Room

General for 13520 Lemoli Avenue

Additional Parcels Y/NNo
Carport Spaces27
Carport Y/NYes
Co-Listing Agent State License #01346713
Community FeaturesUrban
Garage Spaces2
Garage Y/NYes
Land Lease Y/NNo
Listing AgentTodd Hawke - BRE#01376219
Listing Agent State License01376219
MLS Area110 - East Hawthorne
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
TermsCash, Cash to New Loan, 1031 Exchange
Total Units26
Water Sewer Expense9589
ZoningHAR3*

Exterior for 13520 Lemoli Avenue

Lot Features26-30 Units/Acre
Lot Size Acres0.48
Lot Size Area20743
Lot Size SourceAssessor
Lot Size Square Feet20743
Lot Size UnitsSquare Feet
Number of Buildings2
Number of Separate Electric Meters27
Number of Separate Gas Meters2
Number of Separate Water Meters1
Total Parking29
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $6,350,000
MLS#PW21118576
List Date 06/04/2021
Property Type Income
Phone 310.658.1749
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