2218 West Imperial Highway
2218 West Imperial Highway
Active Under Contract
Active Under Contract
Description
ready 4plex located in Hawthorne. Property will need full interior remodel and roof. No need to deal
with in-place tenants! Once units are renovated, the property will operate at
a 6.10% CAP and 11.49 GRM with the opportunity to add
additional income from the potential ADU conversions. The property is comprised of (1) 2Bed+1Bath and (3)
1Bed+1Bath units averaging about 723 square feet
each. There are 4 garage parking spaces with
alleyway access as well...2218 W Imperial Hwy is a fully vacant and renovation
ready 4plex located in Hawthorne. Property will need full interior remodel and roof. No need to deal
with in-place tenants! Once units are renovated, the property will operate at
a 6.10% CAP and 11.49 GRM with the opportunity to add
additional income from the potential ADU conversions. The property is comprised of (1) 2Bed+1Bath and (3)
1Bed+1Bath units averaging about 723 square feet
each. There are 4 garage parking spaces with
alleyway access as well as a laundry room on-site for
tenants.
2218 W Imperial Hwy is just minutes away from major
employers and new developments such as SpaceX,
Boeing, Hollywood Park, SoFi Stadium, Intuit Dome, etc. The city of Hawthorne features top local schools
including Hawthorne Math & Science Academy,
Kornblum School, Bud Carson and Leuzinger High
School.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
Property Details for 2218 West Imperial Highway
Location
Property Details for 2218 West Imperial Highway
| Status | Active Under Contract |
|---|---|
| MLS # | SB24050143 |
| Days on Market | 78 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1957 |
| Lot Size | 0.15 AC / 6,591 SF |
| County | Los Angeles County |
Location
Building Information for 2218 West Imperial Highway
Payment Calculator
$7,676 per month
30 year fixed, 7.25% Interest
$6,549
$1,127
$0
Property Information for 2218 West Imperial Highway
- Gross Income: $104,400
- Gross Scheduled Income: $104,400
- Vacancy Allowance Rate: 5
- Net Operating Income: $73,248
- Gross Multiplier: 11.49
- Cap Rate: 6.1
- Operating Expense: $25,932
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $25,932
- Tax Tract Number: 16578
- Tax Census Tract: 6027.00
- CFD/Mello-Roos Fee: $867
- Tax Lot: 695
- Community Features: Urban
- Laundry: Yes
- Laundry Features: Inside
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,700
- Unit Type Total Rent: $2,700
- Unit Type Pro Forma: 2700
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2000
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2000
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2000
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 2218 West Imperial Highway
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2218 West Imperial Highway
Schools near 2218 West Imperial Highway
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Charter - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Cimarron Avenue Elementary School PublicK to 5 | ||
Animo Charter Middle No. 3 Charter6 to 8 | ||
George Washington Preparatory High School Public9 to 12 | ||
Executive Preparatory Academy Of Finance Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.