4055 W 129th St, Hawthorne, CA 90250
Local realty services provided by:CENTURY 21 Masters
4055 W 129th St,Hawthorne, CA 90250
$5,558,888
- - Beds
- - Baths
- 13,903 sq. ft.
- Multi-family
- Active
Listed by: robert sillman, cameron samimi
Office: lyon stahl investment real estate, inc.
MLS#:SB25272005
Source:CRMLS
Price summary
- Price:$5,558,888
- Price per sq. ft.:$399.83
About this home
5.94% CAP, 10.01 GRM & $222k/Unit! 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 5.94% cap rate, 10.01 GRM, and $222,356 per unit and features (3) studios, (20) one-bedroom/one-bath units, (1) two-bedroom/one-bath unit, and (1) two-bedroom/two-bath unit (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, newer Siemens sub-panels, and completion of SB 721 balcony inspections and required repairs in 2025. Situated west of Prairie Avenue, the property is centrally located near Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major freeway access. The Crest Apartments offers a well-maintained, stable investment with strong fundamentals and clear upside potential in one of the South Bay’s most dynamic rental markets.
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Home facts
- Year built:1966
- Listing ID #:SB25272005
- Added:44 day(s) ago
- Updated:January 25, 2026 at 11:31 AM
Rooms and interior
- Living area:13,903 sq. ft.
Structure and exterior
- Year built:1966
- Building area:13,903 sq. ft.
- Lot area:0.4 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,558,888
- Price per sq. ft.:$399.83
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