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13632 Cerise Ave
For Sale $2,499,500 ($508.03 per Sq Ft)
$2,499,500 ($508.03 per Sq Ft)
- 6 Units
- 4,920 Sq Ft
- 19,529 Sq Ft
- Unknown Cap Rate
Description
Located in the transitional Hawthorne, that has been going through development and gentrification over the last 5-10 years. This property benefits from a strategic location with proximity to major highways, public transportation, schools, and shopping centers. Investor can increase rents on 3 out of the 6 units to increase the return on investment or an investor can sell each unit individually for a higher return on investment. Hawthorne has a stable rental market with a strong demand for housing making this property a solid investment choice and further stabilized via regular tenancy leases. Hawthorne benefits from a diverse local economy with opportunities in retail, healthcare, education, and manufacturing, ensuring a steady pool of potential tenants. The property has historically maintained low vacancy rates due to its attractive location and well-maintained units. With .44 of an acre of land, there is potential of development for a higher density. Please check with the City of Hawthorne and or your desired professionals.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,499,500 |
| Property Type | Multi-Family |
| Usable Sqft | 4,920 |
| Number of Stories | 0 stories |
| Parking Spots | 6 spots |
| Year Built | 1959 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4052005063 |
| MLS # | 26835959 |
| Property ID | 322882828 |
| Lot Sqft | 19,529 |
| Zoning | HAR3* |
| Total Units | 6 |
| Days on Market | 45 |
| Original List Price | $2,599,000 |
| Date Updated | July 07, 2026 |
| Date Created | May 26, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,207 | $2,317 |
| Unit #2 | 2 | 1.00 | $2,950 | $3,098 |
| Unit #3 | 2 | 1.00 | $2,950 | $3,098 |
| Unit #4 | 2 | 1.00 | $2,235 | $2,347 |
| Unit #5 | 2 | 1.00 | $3,001 | $3,151 |
| Gross Income (Yr) | $ 197,244 |
| Operating Expenses | $ 69,223 |
| Net Income (Yr) | $ 128,021 |
| Cap Rate | 5.12% |
Listing Provided By
Fred Nabati an agent of Trimax Realty, Inc.. Lic #01276914
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