Description

13304 -13308 Roselle Avenue is 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. 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 to enhance long term income and property value. Both Parcels 4050-027-050 and 4050-027-049 are to be sold together.