11943 Grevillea Ave | Hawthorne, CA 90250
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- LoopNet Team
11943 Grevillea Ave
Hawthorne, CA 90250
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Strong Rental Demand Location in the City of Hawthorne, “The Hub of the South Bay”
- Substantial Rental Growth Potential: Approximately 24% Upside to Achieve Market Rents
- Desirable Unit Mix Featuring Eight One-Bedroom/One Bathroom and Two Two-Bedroom/One-Bathroom Floor Plans
- Attractive Initial Cap Rate of 5.03% with Significant Upside to 6.86% at Market Rents
- Stable Income-Producing Asset in a Desirable Los Angeles County Market
- Property Amenities Include Gated Entry, Garages, On-Site Parking, On-Site Laundry Facility, and Individual Porches
Property Facts
| No. Units | 10 | Building Size | 7,733 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1984 |
| Building Class | C | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | R3, Hawthorne - Multi-Family | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,733 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1984 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | R3, Hawthorne - Multi-Family |
Amenities
Unit Amenities
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,576 | 755 |
| 2+1 | 2 | $1,790 | 850 |
Property Taxes
| Parcel Number | 4044-020-010 | Improvements Assessment | $592,403 |
| Land Assessment | $1,073,312 | Total Assessment | $1,665,715 |
Property Taxes
Parcel Number
4044-020-010
Land Assessment
$1,073,312
Improvements Assessment
$592,403
Total Assessment
$1,665,715
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