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ReMax Gateway
11853 Manor Drive, Hawthorne, CA 90250
- $1,950,000
- 14
- BD
- 8
- BA
- 5,244
- SqFt
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 26107675
- Year Built
- 1958
- Bedrooms
- 14
- Bathrooms
- 8
- Living Sq. Ft
- 5,244
- Lot Size
- 8,769
- Acres
- 0.20
- Days on Market
- 12
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
11853 Manor Dr | 7-Unit Multifamily, Hawthorne. 1958-built asset totaling 5,244 SF on an 8,762 SF lot in North Hawthorne, on the west side of Manor Dr just north of W 120th St, minutes from SpaceX's Hawthorne campus, LAX, and SoFi Stadium. The property features (5) 2BR/1BA units averaging 749 SF, (1) 1BR/1BA at 574 SF, and (1) 3BR/2BA at 900 SF, all upgraded with no known deferred maintenance. All seven units are occupied. In-place rents average $2,317, or 96.9% of the $2,392 market average, and a RUBS program recovers $13,527 annually against the master-metered utility load. Offered at $1,950,000 ($278,571/unit | $371.85/SF) with a 6.88% in-place cap rate, the real story is day-one yield: finished product, fully leased, with a 7.20% pro forma cap as rents reset to market at turnover under AB 1482.
Additional Information
- Heat
- None
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 7
Listing courtesy of Listing Agent: Taylor Avakian (taylor@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.