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3217 W 139th St, Hawthorne
- Perfect starter two-on-a-lot in Hawthorne close to El Camino College, Hawthorne Airport, SpaceX, and Sofi Stadium
- 32% upside to income on in-place rents
- Separate free standing 2-car garage with plumbing and electrical that could be easily converted to an ADU
- GRM on market rents of 13.7X, 10.7X after ADU conversion
- Rear unit recently remodeled
- Dense rental market with low vacancy
Property Details
- Units: 2
- Gross Rent Multiplier: 18.15
- Cap Rate: 2.8%
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$895,000
Annual Income
$49,320
Annual NOI
$25,094
Annual Expense
$21,760
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 4 | 2 | $2,715 | $2,715 | $3,700 | $3,700 |
| 1 | 1 | 1 | $1,395 | $1,395 | $1,550 | $1,550 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 2 | 5 | 3 | $4,110 | $5,250 |
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