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11850 Hawthorne Blvd 16,375 SF 80% Leased Retail Building Hawthorne, CA 90250 $2,500,000 ($152.67/SF) 5.81% Cap Rate
Investment Highlights
- Prime Hawthorne Boulevard location near SpaceX, Boeing, Northrop Grumman, Raytheon and other major aerospace employers.
- NOT subject to LA City Rent Control—only AB 1482, allowing annual increases of 5% + CPI.
- Vacant retail space offers immediate leasing upside or owner-user SBA opportunity.
- Offered at BELOW REPLACEMENT COST at only $152/Sq.Ft !
- Huge Value-add 11-unit mixed-use investment featuring 8 apartments and 3 retail storefronts.
- Strong in-place cash flow with significant value-add potential through lease-up and rental increases.
Executive Summary
11850 Hawthorne Boulevard presents a compelling value-add mixed-use investment opportunity in the heart of Hawthorne’s thriving South Bay market. Priced at only $152 per square foot—well below replacement cost—the property offers investors significant upside through below-market rents and residential and retail vacancies.
The 16,375-square-foot property sits on a 13,274SF lot and consists of 6 one-bedroom apartments, 2 studios, and 3 street-front retail spaces. Strategically located along heavily traveled Hawthorne Boulevard, the property benefits from excellent visibility, strong traffic counts, and diversified residential and retail income.
Lease-up of the upcoming vacancies is projected to increase the cap rate to approximately 6.96%. The residential units are not subject to LA City RSO and are governed only by California AB 1482, allowing annual rent increases of 5% plus CPI. The C-2 zoning may also allow approximately 19,900 square feet of commercial development, providing additional long-term redevelopment potential (buyer to verify).
This is a rare opportunity to acquire a substantial South Bay asset below replacement cost with solid in-place income, immediate value-add potential, and multiple paths for long-term appreciation.
The 16,375-square-foot property sits on a 13,274SF lot and consists of 6 one-bedroom apartments, 2 studios, and 3 street-front retail spaces. Strategically located along heavily traveled Hawthorne Boulevard, the property benefits from excellent visibility, strong traffic counts, and diversified residential and retail income.
Lease-up of the upcoming vacancies is projected to increase the cap rate to approximately 6.96%. The residential units are not subject to LA City RSO and are governed only by California AB 1482, allowing annual rent increases of 5% plus CPI. The C-2 zoning may also allow approximately 19,900 square feet of commercial development, providing additional long-term redevelopment potential (buyer to verify).
This is a rare opportunity to acquire a substantial South Bay asset below replacement cost with solid in-place income, immediate value-add potential, and multiple paths for long-term appreciation.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
16,375 SF
Building Class
C
Year Built
1930
Price
$2,500,000
Price Per SF
$152.67
Cap Rate
5.81%
NOI
$145,344
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.30 AC
Zoning
HAC2YY
Parking
8 Spaces (0.49 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4047-017-009 | Improvements Assessment | $250,823 |
| Land Assessment | $344,886 | Total Assessment | $595,709 |
Property Taxes
Parcel Number
4047-017-009
Land Assessment
$344,886
Improvements Assessment
$250,823
Total Assessment
$595,709
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