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Key Details
Sold Price $1,750,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25122310
Sold Date 07/25/25
HOA Y/N No
Year Built 1966
Annual Tax Amount $22,351
Lot Size 8,629 Sqft
Property Sub-Type Apartment
Property Description
We are proud to present 12532 Cranbrook Ave, a compelling multifamily investment opportunity located in the rapidly growing city of Hawthorne, CA. Just minutes from major employment and lifestyle hubs like SpaceX, Manhattan Beach, SoFi Stadium, and LAX, this property is ideally positioned for both tenant demand and long-term appreciation. Priced at only $260 per square foot, it offers exceptional value in today's market. With over 40% rental upside and ready-to-pull permits for an ADU, investors have a unique chance to boost both income and equity through strategic improvements. This is a rare opportunity to secure a well-located asset with immediate and future potential in a high-growth submarket.
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Sidewalks, Urban
Total Parking Spaces 7
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4049004037
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Stephen Takahashi Lyon Stahl Investment Real Estate, Inc.
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891