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Apartment - Hawthorne, CA
12940 Prairie Ave was built as 4 units for commercial/residential mixed use. However, the commercial space was converted to a residential unit years ago. There is (1) 2-bed/1-bath unit, (3) 1-bed/1-bath units and has a bonus unpermitted 5th studio unit, providing additional income. The rents are below market rates allowing for future upside income. The housing provider pays ALL utilities. There are assigned parking spots for 3 vehicles (1 driveway + 2 carport spaces). The roof was resurfaced not long ago, and all the windows have been upgraded with vinyl double pane. Centrally located in the South Bay, this property is just minutes from the beach cities, LAX, and the new Inglewood Entertainment District. Just a short distance and easy access to the 405 and 105 Freeways, as well as proximity to key employers like SpaceX, Amazon, Boeing and Raytheon, to name a few.
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