Roselle Courtyard 13304-13308 Roselle Ave 12 Unit Apartment Building $2,700,000 ($225,000/Unit) 5.06% Cap Rate Hawthorne, CA 90250

The CREM Group is pleased to exclusively present 13304–13308 Roselle Avenue, a 12-unit apartment complex located in Hawthorne, CA. The property consists of two adjacent six-unit buildings situated on separate parcels totaling 11,550 square feet of land with a combined building area of approximately 6,861 square feet. The unit mix is composed entirely of one-bedroom, one-bathroom units. Both buildings are individually metered for gas and electricity, and the property provides 22 total parking spaces, along with two on-site laundry rooms.
Built in 1986, the property is subject only to the statewide rent control provisions of AB 1482 and is exempt from the Los Angeles Rent Stabilization Ordinance (RSO). The buildings benefit from consistent occupancy and additional rental upside through continued renovation and rent adjustments. Given the oversized double lot and ample parking, there is also potential for the addition of accessory dwelling units (ADUs) to enhance long-term income and property value.
Listing broker is also serving as the court-appointed referee for the sale of the property. The sale is subject to court confirmation and may be subject to overbid. Broker makes no representations or warranties regarding the condition, history, or compliance status of the property and shall not be responsible for inspections, repairs, reports, or retrofit requirements prior to closing. Prospective buyers are advised to conduct their own independent investigations and due diligence to satisfy themselves as to all aspects of the property.