12612 Cranbrook Avenue

Hawthorne, CA 90250

$1,350,000
Price
5
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 12612 Cranbrook Avenue

StatusActive
MLS #PW19164721
Year Built1941
DOM123
Compass TypeTownhouse
MLS TypeResidential Income
Lot Size0.16 AC / 7,000 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Steven Bogoyevac

Steven M. Bogoyevac, Broker

steve.bogoyevac@marcusmillichap.com

P: 562.257.1231

DRE #01332755

Contact Agent(s)

Property Details for 12612 Cranbrook Avenue

Parking Spaces Total
8
Private Pool
No

Description

12612 Cranbrook Avenue is a five-unit apartment building in Hawthorne, California. This offering presents a great opportunity for an investor to acquire a desirable well-maintained asset in a strong rental market that provides steady cash flow and has 16 percent potential upside in rents.
12612 Cranbrook Avenue is a 1941 construction building with one two-bed/one-bath unit (850 SF), two two-bed/one-and-one-half bath units (1,400 SF), one one-bed/one-bath unit with a den (1,350 SF), and one non-conforming
... studio. Both of the two-bed/one-and-one-half-bath units have two patios and a fireplace. The units are separately metered for gas and electricity, all units except for the studio have forced air/heating, and the building has copper plumbing. The property also offers two two-car garages, four carport parking spaces, and on-site laundry. The property is well-located in Hawthorne one block from Kornblum Elementary, one mile from major employers SpaceX and the Hawthorne Municipal Airport, and just over a mile from the 105 Freeway. This area is a non-rent controlled majority-renter market where nearly 80 percent of housing units are renter-occupied, with vacancy rates below three percent.

Location

Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755

Building Information for 12612 Cranbrook Avenue

Stories-Residences-Year Built1941Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$4,856 per month

30 year fixed, 3.51% Interest

Principal and Interest

$4,856

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 12612 Cranbrook Avenue

Property Features
    Interior Features
  • Common Walls: No Common Walls
  • Laundry: Yes
  • Laundry Features: Common Area
    Exterior Features
  • Pool Features: None
    Parking Info
  • Carport Spaces: 4
  • Garage Spaces: 4
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Parcel Number: 4049005027
  • Property Type: Residential Income
  • Year Built: 1941
  • Year Built Source: Public Records
    Measurements / Dimensions
  • Building Area Total: 4720
  • Building Area Units: Square Feet
Community/Development / Location Info
    School/Location Info
  • County Or Parish: Los Angeles
  • Directions: Located between W El Segundo Blvd and Doty Ave
  • MLS Area Major: East Hawthorne (110)
    Association Information
  • Community Features: Curbs, Sidewalks
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 6025.09
  • Tax Block: 12
  • Tax Lot: 3
  • Tax Tract Number: 9681
  • Zoning: HAR3*
    Income Details
  • Cap Rate: 4.61
  • Gross Income: $88,200
  • Gross Multiplier: 15.31
  • Gross Scheduled Income: $88,200
  • Net Operating Income: $62,243
    Expense Details
  • Electric Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $0
  • New Taxes Expense: $0
  • Operating Expense: $28,963
  • Professional Management Expense: $0
  • Total Expenses: $28,963
  • Trash Expense: $0
  • Water Sewer Expense: $0
Unit Information
    Multi-Unit Info
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 0
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: No
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Acres: .16
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7000
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 12612 Cranbrook Avenue

DateEvent & SourcePriceAppreciation
Aug 29, 2019Price Change

CRMLS #PW19164721

$1,350,000
Jul 15, 2019Listed (Active)

SDMLS #PW19164721

$1,500,000
Jul 15, 2019Listed (Active)

CRMLS #PW19164721

$1,500,000
DateEvent & SourcePrice
08/29/2019
Price Change

CRMLS #PW19164721

$1,350,000
07/15/2019
Listed (Active)

SDMLS #PW19164721

$1,500,000
07/15/2019
Listed (Active)

CRMLS #PW19164721

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12612 Cranbrook Avenue

Taxable ValueLand$35,324Additions$313,852Total$349,176
Tax Record2018$5,222
Home Facts
Beds7Finished Sq.Ft.4,720 SqFtLot Size7,000 SqFtStyleQuadraplexYear Built1941ZoningHAR3*CountyLOS ANGELESAPN4049005027

Schools near 12612 Cranbrook Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Kornblum SchoolPublicK-50.1 mi
4
Bud Carson Middle SchoolPublic6-80.8 mi
5
South Bay Lutheran High SchoolPrivate7-120.9 mi
NR
Hawthorne Math And Science AcademyCharter9-121.1 mi
9

Kornblum School

K-5, 0.1 mi, Public

4

Bud Carson Middle School

6-8, 0.8 mi, Public

5

South Bay Lutheran High School

7-12, 0.9 mi, Private

NR

Hawthorne Math And Science Academy

9-12, 1.1 mi, Charter

9

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.

Similar Homes

12612 Cranbrook Avenue is a townhouse for sale in Hawthorne, CA 90250. This property was listed for sale on July 15, 2019 by Steven M. Bogoyevac, Broker at $1,350,000. Nearby schools include Lawndale High School, South Bay Lutheran High School and Leuzinger High School. 12612 Cranbrook Avenue is a 5-bed, 4-bath, townhouse built in 1941.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755
The information being provided by CARETS and CRMLS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, VCRDS and/or CRMLS and 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 CARETS or CRMLS. 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.