Nico Rosmarin and Chris Van Vuuren of Lyon Stahl Investment Real Estate are pleased to present 11413 Menlo Ave, a 5-unit property in Hawthorne, CA. This 5,188 square foot structure was built in 1963 and is situated on a large 6,952 square foot parcel of land. The property boasts a terrific unit mix consisting of (1) 3-bed/2-bath and (4) 2-bed/1-bath spacious units.
Four of the five units have been fully renovated with high-end finishes. By renovating the fifth unit and increasing the rents to market the property can operate at a Pro Forma CAP Rate of 5.89% and a Pro Forma GRM of 11.99. This turn-key asset is centrally-located near Space-X, the 105 & 405 Freeway and Hollywood Park Redevelopment making it a great investment opportunity in a rapidly appreciating market!
<strong>Investment Highlights: </strong>
<li>4.11% Current CAP | 5.89% Pro Forma CAP</li>
<li>14.59 Current GRM | 11.99 Pro Forma GRM</li>
<li>(1) 3-Bed/2-Bath Unit & (4) 2-Bed/1-Bath Spacious Units</li>
<li>10 Parking Spaces</li>
<li>Turn-Key Asset | Built in 1963</li>
<li>Centrally-Located Near Space-X, 105/405 FWY & Hollywood Park Redevelopment</li>