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12940 Prairie Ave

Hawthorne CA 90250

5
4
3450 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Income-Producing Opportunity in the South Bay Upside Potential Investor opportunity at 12940 Prairie Ave a solid income-producing property in a prime South Bay location. The building was originally built as mixed-use but has long since been converted to all residential, creating a versatile 4-unit property with an additional studio unit that adds extra income potential. The property currently includes (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, plus a bonus unpermitted studio, giving investors five income streams. Current rents are slightly below market, leaving room for future increases and improved cash flow. Ownership has already taken care of several key upgrades. The roof was resurfaced recently, the windows have been replaced with vinyl double-pane, and the water heater is new. The housing provider currently pays all utilities, and the property includes three assigned parking spaces (one driveway space and a two-car carport). Location is a major plus. Situated in the heart of the South Bay, the property is minutes from the beach cities, LAX, and the rapidly growing Inglewood Entertainment District. Commuting is easy with quick access to the 405 and 105 freeways, and the area is close to major employers like SpaceX, Amazon, Boeing, and Raytheon. Whether you're looking to add to your portfolio or get into South Bay multifamily investing, this property offers current income with room to grow in a strong rental market.

Features

5 bedrooms
4 bathrooms
3450 sq. ft. lot size
Multi-Family

Happy sellers in Hawthorne

94%
94% of sellers in Hawthorne reported that their sale price either exceeded or met their price expectations.

Hawthorne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Hawthorne over the last 12 months.

Local market activity for 5 bedroom multi families in Hawthorne

In the last 12 months, 2 five-bedroom multi families similar to 12940 Prairie Ave, have been sold.

This represents a 34% increase in five-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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