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11966 Oxford Ave 7 Unit Apartment Building $1,895,000 ($270,714/Unit) 4.34% Cap Rate Hawthorne, CA 90250
Investment Highlights
- Strong Unit Mix Consisting of One, Two and Three Bedroom Units
- Updated Copper Plumbing and Newer Sewer Line
- High Demand Rental Location for Affordable Units
- New Electrical Panels
- Projected 44% in Rental Upside; 8.5% Cash-On-Cash Return on Market Rents
Executive Summary
This 7-unit multifamily property located in Hawthorne presents a compelling value-add investment opportunity in a supply-constrained South Bay rental market. Built in 1962
and encompassing 6,314 square feet of rentable space on an 8,741 square foot lot, the asset features a well-balanced unit mix of (2) one-bedroom/one-bath units, (4) two bedroom/one-bath units, and (1) three-bedroom/two-bath unit.
The property benefits from 7 covered carport parking spaces and an on-site laundry facility that generates additional income. Significant infrastructure improvements have
already been completed, including updated copper plumbing, newer sewer line, and upgraded electrical panels, reducing near-term capital exposure and providing a strong
foundation for future renovation efforts.
With approximately 44% rental upside, the asset offers investors the ability to enhance cash flow through interior upgrades and strategic lease repositioning. This is an attractive opportunity to acquire a well-located multifamily asset with existing operational stability and substantial upside potential through value-add execution.
and encompassing 6,314 square feet of rentable space on an 8,741 square foot lot, the asset features a well-balanced unit mix of (2) one-bedroom/one-bath units, (4) two bedroom/one-bath units, and (1) three-bedroom/two-bath unit.
The property benefits from 7 covered carport parking spaces and an on-site laundry facility that generates additional income. Significant infrastructure improvements have
already been completed, including updated copper plumbing, newer sewer line, and upgraded electrical panels, reducing near-term capital exposure and providing a strong
foundation for future renovation efforts.
With approximately 44% rental upside, the asset offers investors the ability to enhance cash flow through interior upgrades and strategic lease repositioning. This is an attractive opportunity to acquire a well-located multifamily asset with existing operational stability and substantial upside potential through value-add execution.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$135,840
|
$12.26
|
| Other Income |
$2,400
|
$0.22
|
| Vacancy Loss |
$4,147
|
$0.37
|
| Effective Gross Income |
$134,093
|
$12.11
|
| Taxes |
$25,581
|
$2.31
|
| Operating Expenses |
$26,201
|
$2.37
|
| Total Expenses |
$51,782
|
$4.68
|
| Net Operating Income |
$82,311
|
$7.43
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $135,840 |
| Annual Per SF | $12.26 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.22 |
| Vacancy Loss | |
|---|---|
| Annual | $4,147 |
| Annual Per SF | $0.37 |
| Effective Gross Income | |
|---|---|
| Annual | $134,093 |
| Annual Per SF | $12.11 |
| Taxes | |
|---|---|
| Annual | $25,581 |
| Annual Per SF | $2.31 |
| Operating Expenses | |
|---|---|
| Annual | $26,201 |
| Annual Per SF | $2.37 |
| Total Expenses | |
|---|---|
| Annual | $51,782 |
| Annual Per SF | $4.68 |
| Net Operating Income | |
|---|---|
| Annual | $82,311 |
| Annual Per SF | $7.43 |
Property Facts
| Price | $1,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $270,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.34% | Building Size | 6,314 SF |
| Gross Rent Multiplier | 13.71 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Zoning | HAR3YY - High-Density Residential (R3) zone | ||
| Price | $1,895,000 |
| Price Per Unit | $270,714 |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| Gross Rent Multiplier | 13.71 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,314 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | HAR3YY - High-Density Residential (R3) zone |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,385 | - |
| 2+1 | 4 | $1,615 | - |
| 3+2 | 1 | $2,100 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4047-023-004 | Total Assessment | $1,887,000 |
| Land Assessment | $1,150,000 | Annual Taxes | $25,581 ($4.05/SF) |
| Improvements Assessment | $737,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
4047-023-004
Land Assessment
$1,150,000
Improvements Assessment
$737,000
Total Assessment
$1,887,000
Annual Taxes
$25,581 ($4.05/SF)
Tax Year
2025
Contacts
-
Rick Applebaum -
Jay Skenderian -
Paul Espinosa -
Morgan-Skenderian Investment Real Estate Group
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11966 Oxford Ave
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