Jonathan Nikfarjam Brokered the Listing
Hawthorne, CA (January 29, 2018)— Coldwell Banker Commercial Advisors (CBC Advisors) today announced its listing of an 8,492-square foot, 15-unit apartment building located at 4307 West 142nd Street in Hawthorne. Jonathan Nikfarjam, managing principal of CBC Advisors, represented the landlord in the listing.
Located West of Prairie Avenue, the apartment complex is a non-rent controlled asset with strong neighboring employment options through Space X, Tesla, and aerospace defense companies. It is also walking distance to the many retail shops, office buildings, restaurants and grocery stores of Hawthorne Boulevard and close proximity to the Los Angeles Airport, four miles from Hollywood Park Development Project and the new proposed NFL stadium.
“4307 West 142nd Street provides an investor with the opportunity to own a 1980’s vintage property at under $200,000 per unit,” said Nikfarjam. “This asset is an outstanding value-add opportunity with 56% in rental upside and rents have not been raised since 2008.”
The property features an on-site laundry facility, intercom access, garage parking, and individually metered for gas and electricity. Situated on a large 11,695-square foot lot, the offering boasts a unit mix of two two-bedroom/one-bathroom units, twelve one-bedroom/one-bathroom units, and one studio/one-bathroom unit. Some of the units contain private balconies.
Nikfarjam specializes in multifamily investment sales throughout Southern California with an emphasis in Los Angeles County. Recently, the El Segundo multifamily team was ranked among the most active South Bay multifamily agent teams and was recognized in 2017 by the Los Angeles Business Journal as Los Angeles’ “Top Multifamily Brokerage Team.”