4453 138th Street

Hawthorne, CA 90250

$5,895,000
Last Sold Price
22
Beds
36
Baths
17,582 Sq. Ft.
$335 / Sq. Ft.
17,582
Sq. Ft.
$335
per Sq. Ft.

Closed 12/11/24

Closed 12/11/24

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Description

New price! First time for sale since original construction in 1987! This one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its original construction. Spanning two contiguous lots, each with their own separate APNs, the property covers an impressive 18,392 square foot lot with 17,582 square feet of rentable space, divided among 20 well-designed units. The unit mix includes:...New price! First time for sale since original construction in 1987! This one of a kind multi-family residential investment property is being offered for sale directly by the original builder, showcasing its lasting quality and meticulous maintenance since its original construction. Spanning two contiguous lots, each with their own separate APNs, the property covers an impressive 18,392 square foot lot with 17,582 square feet of rentable space, divided among 20 well-designed units. The unit mix includes: sixteen 2-Bedroom/1.5-Bath units, and four 1-Bedroom/1-Bath units, each designed to maximize space and tenant comfort. Residents benefit from a host of amenities including gated private entry, door entry intercom system, covered parking, dishwashers and stoves provided by the owner, an onsite laundry facility (one per building), and fire sprinkler system, enhancing the living experience and tenant retention rates. Strategically located near Manhattan Beach, Sofi Stadium, and LAX Airport, the property offers unmatched convenience and accessibility, making it highly attractive to potential renters. Currently priced at 5.32% CAP Rate and 13GRM based on current rental rates, investors will find significant value-add potential in rental income driven by the property’s prime location and robust amenities. This is an ideal opportunity for an investor seeking a substantial, well-maintained property with strong growth prospects in a competitive rental market.
  1. Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443

Property Details for 4453 138th Street

Parking Spaces Total
20
Private Pool
No
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
17582
Assessor Parcel Number
4043-012-019
Property Attached YN
true
LISTING UPDATED: 12/11/2024 06:34 AM

Property Details for 4453 138th Street

StatusClosed
MLS #CV24175154
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
CountyLos Angeles County

Building Information for 4453 138th Street

Building/Complex4453 138th StFloor-Stories2Residences-Pet Policy-Year Built1987Building Size-

Property Information for 4453 138th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $460,560
  • Gross Scheduled Income: $460,560
  • Vacancy Allowance: 13817
  • Gross Operating Income: $446,743
  • Net Operating Income: $318,884
  • Laundry Income: $4,800
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $127,860
  • New Taxes Expense: $70,993
  • Electric Expense: $8,647
  • Insurance Expense: $11,500
  • Maintenance Expense: $15,000
  • Professional Management Expense: $0
  • Other Expense: $3,000
  • Other Expense Description: Reserves
  • Trash Expense: $8,266
  • Water Sewer Expense: $10,454
  • Total Expenses: $127,860
Tax / Assessment Info
  • Tax Tract Number: 019
  • Tax Census Tract: 6024.02
  • CFD/Mello-Roos Fee: $2,595
  • Tax Lot: 127
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 4043012020
  • Lot Features: 16-20 Units/Acre, Lot 10000-19999 Sqft
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 20
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,295
  • Unit Type Total Rent: $2,295
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,675
  • Unit Type Total Rent: $1,675
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,975
  • Unit Type Total Rent: $5,925
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $3,900
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,925
  • Unit Type Total Rent: $5,775
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 5
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,885
  • Unit Type Total Rent: $1,885
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 6
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,860
  • Unit Type Total Rent: $1,860
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $5,550
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 8
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,825
  • Unit Type Total Rent: $1,825
  • Unit Type Pro Forma: 2295
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 18
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1

Property History for 4453 138th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4453 138th Street

Taxable ValueLand$421,094Additions$980,667Total$1,401,761
Tax Record2024$19,551 ($1,629 / month)
Home Facts
Total Finished SqFt8,791 SqFtAbove Grade Finished SqFt8,791 SqFtLot Size9,197 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningHAR3YYCountyLOS ANGELESAPN4043-012-019

Schools near 4453 138th Street

This home is within Centinela Valley Union High School District.
Rating
School
Type
Grades
Distance
Ramona School
Public - K to 5
Hawthorne Middle School
Public - 6 to 8
Hawthorne High School
Public - 9 to 12
Lawndale High School
Public - 9 to 12
Rating
School
Distance
Ramona School
PublicK to 5

Hawthorne Middle School
Public6 to 8

Hawthorne High School
Public9 to 12

Lawndale High School
Public9 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 2000 REALTY, Kristopher German, DRE #01800021

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.