Additional details
Listed by Robert Sillman • Lyon Stahl Investment Real Estate, Inc.
$5,558,888
Est. payment /mo
13,903 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,903 sqft
Price per Sqft $399
MLS Listing ID CRSB25272005
HOA Y/N No
Year Built 1966
Lot Size 0.400 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Introducing The Crest Apartments, a 25-unit community at 4055 W. 129th Street in the heart of Hawthorne, offered for the first time by the original families who developed it in 1966. The property is attractively priced at a 5.58% cap rate, 10.58 GRM, and $222,356 per unit and features (3) studios, (20) one-bedroom/one-bath units, and (2) two-bedroom/one-bath units (including one non-conforming). On-site amenities include landlord-owned laundry machines, a central courtyard with a pool, gated parking for 29 vehicles, secured entry, and a security camera system. The building is master-metered, with the potential to implement a RUBS (Ratio Utility Billing System) to allocate utility costs to tenants based on unit size or occupancy, providing additional income growth. Subject to statewide rent control under AB 1482, all eligible units received rent increases (5% + CPI) in October 2025. Additional improvements include a major drain line replacement in 2022 (195 ft.), supply line replacements as needed, significant roof updates in 2010, and completion of SB 721 balcony inspections and required repairs (final sign-off pending). Situated west of Prairie Avenue, the property is centrally located near Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major free
Location
State CA
County Los Angeles
Interior
Heating See Remarks
Cooling See Remarks
Fireplace No
Laundry Common Area, Other
Read Less Info
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Get More Information