UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25272005
HOA Y/N No
Year Built 1966
Property Sub-Type Apartment
Property Description
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 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. Reach out to the Listing Agents for the Offering Memorandum.
Location
State CA
County Los Angeles
Area 109 - Ramona/Burleigh
Interior
Heating See Remarks
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 2.0
Carport Spaces 26
Garage Description 2.0
Pool Community, Private
Community Features Curbs, Dog Park, Pool
Utilities Available See Remarks
Total Parking Spaces 29
Private Pool Yes
Building
Lot Description 0-1 Unit/Acre
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4045023034
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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