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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,099,000

Est. payment - /mo

5 Beds

4 Baths

3,450 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25176869

Bedrooms 5

Lot Size 3,450 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction south of El Segundo Blvd on east side of Prairie Ave, next to a small church

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4050002001

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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Listed by Anthony Warfield, DRE#01882977 REMAX AEGIS

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

12940 Prairie Ave Hawthorne, CA 90250

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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