12712 -12714 Menlo Avenue, Hawthorne, CA 12712 Menlo Ave 5 Unit Apartment Building $3,495,000 ($699,000/Unit) Hawthorne, CA 90250

Coldwell Banker Commercial is proud to present 12712-12714 Menlo Avenue located in a highly desirable area of Hawthorne, minutes from the 105 and 405 interchange. It’s an incredible opportunity for an investor to take these 5 freestanding townhomes on 1 parcel/APN number and do a condo-conversion to potentially sell each unit separately allowing for tremendous upside.*
A Buyer can capitalize on the fact that each unit is on Month-to-Month and the rental rates can be updated to market rates. It is good to note that the City of Hawthorne has no rent control.
On the market for the first time, this townhome development was built in 2011 and is regarded as having some of the best construction in Hawthorne. Each townhome has the same floorplan, each boasting 3 Bedrooms and 2.5 Bathrooms. They have spacious master suites that include a private balcony, walk-in closet, jacuzzi tub, walk-in shower, double sink, en-suite fireplace and cathedral ceilings. All three bedrooms are located upstairs with a loft and Cathedral ceilings all throughout. There is a service porch which provides nice natural lighting and fresh air in the Loft. The Living Room has an inviting fireplace, and there are in-unit washer and dryer connections. Additionally, each Townhome has a yard and a highly coveted private 3-car attached garage with direct access to the unit providing an extra layer of comfort and security.
* To be independently verified by Buyer