Samimi CRE Advisors
    Listings/The Crest Apartments
    The Crest Apartments - Photo 1
    multifamilyActive Listing

    4055 W 129th St

    Hawthorne, CA 90250

    Valuation

    $5,295,000

    Key Specifications

    Total Units

    25

    multifamily

    Year Built

    1966

    Value-Add Era

    Interior

    13,903 SF

    $381 / SF

    Lot Area

    17,405 SF

    Unit Mix

    multifamily

    3x Studio, 20x 1-Bed/1-Bath, 1x 2-Bed/1-Bath, 1x 2-Bed/2-Bath

    Investment Highlights

    Offered for the first time by original families who developed it in 1966
    Attractively positioned at a 6.46% Cap Rate, 9.47 GRM, and $211,800 per unit
    Landlord-owned laundry machines, central courtyard with a pool, gated parking for 29 vehicles, secured entry, and security camera system
    Potential to implement a Ratio Utility Billing System (RUBS) to recapture utility costs
    Recent improvements include major drain line replacement (2022), supply line replacements, newer Siemens sub-panels, and SB 721 balcony inspections and repairs (2025)
    Centrally located near Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major freeway access

    Property Overview

    The Crest Apartments presents a unique investment opportunity in the heart of Hawthorne, CA. This 25-unit multifamily community, originally developed in 1966 by the current owners, is now available for the first time. The property is attractively priced at a 6.46% Cap Rate, 9.47 GRM, and $211,800 per unit, offering strong sales metrics and clear upside potential in one of the South Bay's most dynamic rental markets. The unit mix includes three studios, twenty one-bedroom/one-bath units, one two-bedroom/one-bath unit, and one two-bedroom/two-bath unit (including one non-conforming). Residents benefit from on-site amenities such as 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 potential for additional income growth through the implementation of a Ratio Utility Billing System (RUBS) to allocate utility costs to tenants. Recent capital improvements enhance the property's appeal, including a major drain line replacement in 2022, supply line replacements, newer Siemens sub-panels, and completed SB 721 balcony inspections and repairs in 2025. The property is subject to statewide rent control under AB 1482, with eligible units receiving rent increases in October 2025. Its central location west of Prairie Avenue provides convenient access to Hawthorne Middle School, Washington Elementary, SpaceX, Hawthorne Airport, and major freeways, making The Crest Apartments a well-maintained, stable investment with robust fundamentals.