Properties

Hawthorne, CA 90250 12940 Prairie Ave

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Presented By: Anthony Warfield with REMAX AEGIS; 310-634-9342
  • MLS# SB25176869
  • 08/01/2025
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  • Baths • 1
  • SQFT • 3,280

Home Details

Income-Producing Opportunity in the South Bay โ€“ Upside Potential Investor opportunity at 12940 Prairie Ave โ€“ a solid income-producing property in a prime South Bay location. The building was originally built as mixed-use but has long since been converted to all residential, creating a versatile 4-unit property with an additional studio unit that adds extra income potential. The property currently includes (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, plus a bonus unpermitted studio, giving investors five income streams. Current rents are slightly below market, leaving room for future increases and improved cash flow. Ownership has already taken care of several key upgrades. The roof was resurfaced recently, the windows have been replaced with vinyl double-pane, and the water heater is new. The housing provider currently pays all utilities, and the property includes three assigned parking spaces (one driveway space and a two-car carport). Location is a major plus. Situated in the heart of the South Bay, the property is minutes from the beach cities, LAX, and the rapidly growing Inglewood Entertainment District. Commuting is easy with quick access to the 405 and 105 freeways, and the area is close to major employers like SpaceX, Amazon, Boeing, and Raytheon. Whether you're looking to add to your portfolio or get into South Bay multifamily investing, this property offers current income with room to grow in a strong rental market.
Presented By: Anthony Warfield with REMAX AEGIS; 310-634-9342

Interior Features for 12940 Prairie Ave

Other Interior Features

Air Conditioning Y/NNo
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Laundry FeaturesNone
Total Stories2
Window FeaturesDouble Pane Windows

Other Rooms

Entry Level

General for 12940 Prairie Ave

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Spaces2
Carport Y/NYes
CityHawthorne
Community FeaturesUrban
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
Current FinancingConventional
Directionssouth of El Segundo Blvd on east side of Prairie Ave, next to a small church, park on street
Electric Expense2240
Energy EfficientWindows
Entry LocationGround level
Fuel Expense1830
Garage Spaces
Garage Y/NNo
Gross Income95580
HOANo
HOA Fee$
Insurance Expense3590
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Conventional, 1031 Exchange
Lot Size Square Feet3450
Lot Size UnitsSquare Feet
MLS Area110 - East Hawthorne
Net Operating Income81750
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces1
Operating Expense13830
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityHAWTHORNE
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
RoofFlat
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot1
Tenant PaysNone, See Remarks
Total Actual Rent95580
Trash Expense3100
UtilitiesSee Remarks
Walk Score83
Water Sewer Expense2280
Year Built1962
Year Built SourceAssessor

Exterior for 12940 Prairie Ave

Building Area Total3280
FencingBlock
Foundation DetailsSlab
Lot FeaturesRectangular Lot
Lot Size Acres0.0792
Lot Size Area3450
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesAssigned, Carport, Driveway
Private PoolNo
Total Parking3
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,099,000
MLS#SB25176869
List Date 08/01/2025
Property Type Multi-Family
Phone 888.795.6274
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