11413 Menlo Ave, Hawthorne, CA 90250

11413 Menlo Ave, Hawthorne, CA 90250

Hawthorne, CA

Property Description

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 &amp; (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 &amp; Hollywood Park Redevelopment</li>

Property Features

  • Sale Price: $1,445,000
  • Area Size: 6,952 SF
  • Land Area: 5,188 SF
  • Year Built: 1963
  • Closing Date: 4/29/19
  • Units: 5
  • Current GRM: 14.59
  • Current Cap Rate: 4.11%
  • Price Per Unit: $287,000
  • Market GRM: 11.67
  • Market Cap Rate: 6.09%