Apartments For Sale • 24,880 SF
| Strong Sales Metrics: 5.58% cap rate, 10.58 GRM, $222,356 per unit |
| Amenities: Landlord-owned laundry machines, central courtyard with a pool, gated parking for 29 vehicles, secured entry, security camera system |
| RUBS Potential: Master-metered building with potential to implement a Ratio Utility Billing System (RUBS) to recapture utility costs |
| No Local Rent Control: Subject to statewide rent control under AB 1482, all eligible units received rent increases (5% + CPI) in October 2025 |
| Recent Improvements: Major drain line replacement (2022), supply line replacements, roof updates (2010), SB 721 balcony inspections and repairs (2025) |
| Central Location: West of Prairie Avenue, near Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major freeway access |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Los Angeles International | 12 min | - | 6.1 mi |
| Long Beach (Daugherty Field) | 23 min | - | 15.3 mi |
| Bob Hope | 43 min | - | 30.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 29 |
| Type: | Covered |
| Included in Rent: | Yes |