
Hawthorne, California 90250
This High-Potential Investment Opportunity is a Multifamily Asset listed at $1,049,000, positioned slightly above the $1,046,413 Fair Market Value. While priced at market, the property offers significant upside through the legalization of the non-conforming 2-bedroom unit. With a Condition Rating of 4, the property requires modernization to maximize rental yields. Its strategic location near LAX and major employment hubs ensures consistent demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4853 W 116th St Subject | $1,049,000* List Price | 0 | 0 | 2,124 | $493 | - |
A 11620 Inglewood Avenue Sold | $1,280,000 | 0 | 0 | 2,597 | $493 | 0.1 mi |
B 11533 Truro Active | $1,099,000 List Price | 0 | 0 | 2,025 | $543 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942 and held by the same owner for 28 years, the property is functional but dated. Renovations to the back unit and the garage conversion occurred 'many years ago' and 'over 10 years ago' respectively, suggesting that kitchens, baths, and systems are beyond their modern prime. While currently occupied by long-term tenants, the property requires cosmetic updates and system modernizations to reach full market potential.
The property functions as a triplex with two legal units and a converted garage, providing immediate cash flow and flexibility for an owner-occupant to offset carrying costs.
Located in Northwest Hawthorne near LAX, SoFi Stadium, and major South Bay industrial corridors, the property benefits from a diverse and stable tenant base.
Offered for the first time in 28 years, there is substantial potential to increase equity by legalizing the non-conforming unit and modernizing the long-term tenant-occupied spaces.
The third unit is a converted garage and is not legally recognized in the square footage, which may present challenges with financing, insurance, and city compliance.
Given the 1942 construction and nearly three decades of the same ownership with long-term tenants, the property likely requires capital improvements to reach top-of-market rents.
First time on the market in 28 years! A 2 unit multifamily property with a bonus non conforming unit, located in the northwest area of Hawthorne. The property features long term tenants residing in a 2 bedroom/1 bathroom front unit and a 3 bedroom/1 bathroom back unit. The back unit was originally configured with two smaller bathrooms, which ownership upgraded to one large bathroom many years ago. Also included are 3 detached garages in the rear that were converted over 10 years ago into a non conforming 2 bedroom/1 bathroom unit, complete with a full kitchen, in unit laundry, and its own private covered patio. The property offers five surface parking spaces, three along the side driveway and two marked spaces in front. Please note that the marketed square footage reflects the two legal units only and does not include the additional non conforming unit, buyer and agents to confirm all property details. The surrounding area benefits from a broad and diverse employment base that drives reliable, consistent rental demand. From LAX and the stadiums in Inglewood to the hospitals, retail corridors, and the countless service, trade, and light industrial employers that define the South Bay workforce, and with Downtown LA just a short freeway commute away, this pocket of Hawthorne attracts hardworking, stable tenants who need quality housing close to the major job markets. That consistent demand is what makes this an attractive long term hold for investors at any level. This is an excellent opportunity for an investor seeking stable, reliable income while capitalizing on the upside potential of legalizing the rear unit, or for an owner occupant looking to move into one or more units while offsetting carrying costs with rental income from the others.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 44% |
| Baths | 0.0 | 2.0 | 44% |
| Square foot | 2,124 | 1,687 | 67% |
| Lot Size | 5,601 | 6,669 | 22% |
| Price | $1.05M | $1.02M | 56% |
| Price per sq ft | $494 | $477 | 56% |
| Built year | 1942 | 1944 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 194 | 11% |
Jun 1, 2026
$1,049,000
Initial Listing
Dec 23, 1998
$172,000
Public Record