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Lucio Real Estate Group

joe.lucio@exprealty.com +1(805) 512-0065

$1,165,000

Est. payment - /mo

8 Beds

6 Baths

2,630 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,630 sqft

Price per Sqft $442

MLS Listing ID 26871637

Bedrooms 8

Full Baths 5

Half Baths 1

Construction Status Fixer,Updated/Remodeled

HOA Y/N No

Year Built 1954

Lot Size 5,405 Sqft

Property Sub-Type Single Family Residence

Property Description

Exceptional Fourplex Conversion Opportunity in Hawthorne! Currently permitted with the City of Hawthorne as a single-family residence and in the approval process for conversion to a multi-family fourplex. New pricing reflects the property's current permit status while approvals remain in process, creating a unique value-add opportunity for the right buyer.The existing property configuration includes a spacious 5BD/3BA unit (approx. 1,793 sq. ft.), completed in December 2021; a two-story 2BD/1.5BA unit (approx. 824 sq. ft.), completed in September 2024; and a 1BD/1BA unit (approx. 418 sq. ft.), completed in September 2024. The half bath in the 2-bedroom unit was converted from a downstairs closet beneath the stairs and is included in the ongoing permit process.Current plans also include conversion of the existing garage into an additional studio unit (proposed approx. 269 sq. ft.); the studio conversion has not yet been constructed.Additional opportunity: Seller has an existing mortgage at approximately 2.46% APR that may be assumable. Seller's current mortgage servicer has advised that the assumption process is expected to take at least 45 days. Loan assumption is subject to lender approval, buyer qualification, terms and conditions.The property offers substantial future income and value-add potential as the permit process progresses. Buyers are strongly encouraged to conduct their own due diligence and independently verify square footage, room/unit configuration, completion dates, permits, zoning, rental potential, loan assumption eligibility, City requirements, and all other aspects of the property. All square footage figures are approximate and should be independently verified by buyer.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning HAR1YY

Interior

Interior Features Ceiling Fan(s), Separate/Formal Dining Room, Eat-in Kitchen, Jack and Jill Bath

Heating Central, Wall Furnace

Cooling None

Flooring Wood

Fireplaces Type Decorative

Furnishings Unfurnished

Fireplace Yes

Appliance Microwave, Refrigerator

Laundry In Garage, See Remarks, Stacked

Exterior

Parking Features Garage

Garage Spaces 1.0

Garage Description 1.0

Pool None

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Story 2

Entry Level One,Two

Architectural Style Traditional

Level or Stories One, Two

New Construction No

Construction Status Fixer,Updated/Remodeled

Others

Senior Community No

Tax ID 4057013015

Special Listing Condition Standard

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Listed by Guinevere Gandolfo Scaldaferri EstateX inc. #02226410

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Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

joe.lucio@exprealty.com

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA, 93036, USA

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11612 Cimarron AVE Hawthorne, CA 90250

Lucio Real Estate Group

Key Details

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Exterior

Building

Others

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11612 Cimarron AVE