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Renovated 28 Units 7% Cap + Plans 15 ADUs 14110 Yukon Ave 28 Unit Apartment Building $8,450,000 ($301,786/Unit) 7% Cap Rate Hawthorne, CA 90250
Investment Highlights
- 28 units built in 1974 & renovated in 2024 cash flowing at 7% Cap Rate from day 1!
- Prime Hawthorne location minutes from the Beach, Tesla, SpaceX, SoFi Stadium
- Prelim plans for 15 ADUs to achieve 9.7% Cap Rate, 7.7 GRM, 218k/unit after ~1.3M constructions costs
Executive Summary
Huge 1.3M Price Reduction! Newer 28 units with 33 parking spaces built in 1974 & Renovated in 2024 cash flowing at an amazing 7% Current Cap Rate from day 1! Preliminary plans to add 15 ADUs to achieve an incredible 9.7% Cap Rate, 7.7 GRM, and only 218k/unit after taking into account all the construction costs (~1.3M assuming $250/SF). The preliminary plans call for 7 attached ADUs in the garage/storage area + 8 detached ADUs over the pool area while still maintaining ~25 parking spaces for the residents. Excellent unit mix consisting of 4 (2bed/1bath) units and 24 (1bed/1bath) units. Majority of the units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated pool, on-site laundry facilities, secured entry, and 33 covered parking spaces for convenience. Huge almost ~20,000 SF lot for future development potential. Located in the heart of Hawthorne just minutes away from the Beach, Tesla Design Center, SpaceX, Starlink, Northrop Grumman, LAX, Intuit Dome, SoFi Stadium and more.
Property Facts
| Price | $8,450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $301,786 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 7% | Building Size | 18,310 SF |
| Gross Rent Multiplier | 10.31 | No. Stories | 3 |
| No. Units | 28 | Year Built | 1974 |
| Property Type | Multifamily | Parking Ratio | 1.86/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | HAR4* - restricted Density Multiple Dwelling | ||
| Price | $8,450,000 |
| Price Per Unit | $301,786 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 10.31 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 18,310 SF |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | HAR4* - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4052-029-051 | Improvements Assessment | $3,325,200 |
| Land Assessment | $1,264,800 | Total Assessment | $4,590,000 |
Property Taxes
Parcel Number
4052-029-051
Land Assessment
$1,264,800
Improvements Assessment
$3,325,200
Total Assessment
$4,590,000
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Renovated 28 Units 7% Cap + Plans 15 ADUs | 14110 Yukon Ave
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