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11936 Grevillea Ave 8 Unit Apartment Building $2,125,000 ($265,625/Unit) 5.67% Cap Rate Hawthorne, CA 90250
Investment Highlights
- Highly Desirable Hawthorne Location - West of Hawthorne Boulevard | 1.5 Miles Northrup Grumman & Intuit Dome and 2 Miles from SoFi Stadium
- 5.67% Current Cap Rate & 11.33 Current GRM | 6.92% Pro-Forma Cap Rate & 9.84 Pro-Forma GRM
- 5,971-SF Apartment on a 7,733-SF Lot | On-Site Laundry Facility
- Six of the Units Have Been Renovated | Each Unit Contains Updated Electrical Subpanels (2021)
- Newer Roof (2021) with 30-Year Warranty & Newer Hot Water Heater (2022) | No Local Rent Control – Defaults to AB 1482
- Strong Neighboring Employment: Raytheon, Los Angeles Times, SpaceX, Tesla Design Center, Hollywood Park Tomorrow, Boeing & LAX Airport
Executive Summary
ASSET
8-unit* apartment located in Hawthorne, west of Hawthorne Boulevard. No local rent control – defaults to AB 1482.
The property contains a unit mix of (one) 3-bedroom/2-bathroom unit, (two) 2-bedroom/1-bathroom units and (five) 1-bedroom/1-bathroom units. Six of the units have been renovated.
Situated on a 7,733 -SF lot, the property features upgraded electrical subpanels in all units, a newer roof (2021) with 30-year warranty on materials and a newer hot water heater (2022). Additionally, there are a total of 7 parking spaces and an on-site laundry facility is able to generate additional annual income.
LOCATION
The property is located west of Hawthorne Boulevard and approximately 1.5 miles from Intuit Dome and Northrup Grumman and 2 miles from SoFi Stadium. Also in short distances are many neighboring employment centers such as Raytheon, Los Angeles Times, SpaceX, Tesla Design Center, Hollywood Park Tomorrow, Boeing, and the LAX Airport.
FINANCIALS
This 5,971-SF apartment presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 5.67% and current GRM of 11.33 and a pro-forma cap rate of 6.92% and pro-forma GRM of 9.84.
*Property is 7 legal units with 1 non-conforming unit.
8-unit* apartment located in Hawthorne, west of Hawthorne Boulevard. No local rent control – defaults to AB 1482.
The property contains a unit mix of (one) 3-bedroom/2-bathroom unit, (two) 2-bedroom/1-bathroom units and (five) 1-bedroom/1-bathroom units. Six of the units have been renovated.
Situated on a 7,733 -SF lot, the property features upgraded electrical subpanels in all units, a newer roof (2021) with 30-year warranty on materials and a newer hot water heater (2022). Additionally, there are a total of 7 parking spaces and an on-site laundry facility is able to generate additional annual income.
LOCATION
The property is located west of Hawthorne Boulevard and approximately 1.5 miles from Intuit Dome and Northrup Grumman and 2 miles from SoFi Stadium. Also in short distances are many neighboring employment centers such as Raytheon, Los Angeles Times, SpaceX, Tesla Design Center, Hollywood Park Tomorrow, Boeing, and the LAX Airport.
FINANCIALS
This 5,971-SF apartment presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 5.67% and current GRM of 11.33 and a pro-forma cap rate of 6.92% and pro-forma GRM of 9.84.
*Property is 7 legal units with 1 non-conforming unit.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$187,523
|
$31.41
|
| Other Income |
$1,800
|
$0.30
|
| Vacancy Loss |
$5,679
|
$0.95
|
| Effective Gross Income |
$183,644
|
$30.76
|
| Taxes |
$26,562
|
$4.45
|
| Operating Expenses |
$36,131
|
$6.05
|
| Total Expenses |
$62,693
|
$10.50
|
| Net Operating Income |
$120,951
|
$20.26
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $187,523 |
| Annual Per SF | $31.41 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.30 |
| Vacancy Loss | |
|---|---|
| Annual | $5,679 |
| Annual Per SF | $0.95 |
| Effective Gross Income | |
|---|---|
| Annual | $183,644 |
| Annual Per SF | $30.76 |
| Taxes | |
|---|---|
| Annual | $26,562 |
| Annual Per SF | $4.45 |
| Operating Expenses | |
|---|---|
| Annual | $36,131 |
| Annual Per SF | $6.05 |
| Total Expenses | |
|---|---|
| Annual | $62,693 |
| Annual Per SF | $10.50 |
| Net Operating Income | |
|---|---|
| Annual | $120,951 |
| Annual Per SF | $20.26 |
Property Facts
| Price | $2,125,000 | Apartment Style | Low-Rise |
| Price Per Unit | $265,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.67% | Building Size | 5,971 SF |
| Gross Rent Multiplier | 11.33 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Zoning | HAR3 | ||
| Price | $2,125,000 |
| Price Per Unit | $265,625 |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| Gross Rent Multiplier | 11.33 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,971 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | HAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,895 | - |
| 2+1 | 2 | $2,223 | - |
| 1+1 | 5 | $1,657 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4044-018-028 | Total Assessment | $1,818,485 |
| Land Assessment | $855,121 | Annual Taxes | $26,562 ($4.45/SF) |
| Improvements Assessment | $963,364 | Tax Year | 2025 |
Property Taxes
Parcel Number
4044-018-028
Land Assessment
$855,121
Improvements Assessment
$963,364
Total Assessment
$1,818,485
Annual Taxes
$26,562 ($4.45/SF)
Tax Year
2025
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11936 Grevillea Ave
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