11628 Freeman Ave, Hawthorne, CA 90250

11628 Freeman Ave, Hawthorne, CA 90250

Hawthorne, CA

Property Description

We are pleased to present this 8-unit offering located in an excellent North Hawthorne location in close proximity to major thoroughfares, and major South Bay employment hubs. The building has a unit mix of (6) 1 Bed/1 Bath and (2) 2 Bed/2 Bath Units. The subject property consists of 6,174 square feet and sits on a 6,950 square foot lot zoned HAR3YY. The building was built in 1987 and features 12 individual parking spaces. The exterior has excellent curb appeal as the building and landscaping have been well maintained. A future investor will benefit from an excellent location just South of Imperial, East of Hawthorne, and West of Prairie. With its close proximity to major employers and business hubs near LAX and El Segundo, the building is centrally located and ideal for prospective renters. Its location benefits from amenities along Hawthorne Blvd and is just a quick drive to major entertainment and dining centers in Manhattan, Hermosa, and Redondo Beach.

Property Features

  • Sale Price: $2,200,000
  • Area Size: 6,174 Sq. Ft.
  • Land Area: 6,950 Sq. Ft.
  • Year Built: 1987
  • Listing Date: 11/21/2022
  • Closing Date: 5/10/2023
  • Units: 8
  • Current GRM: 16.00
  • Current Cap Rate: 3.83%
  • Price Per Unit: $312,500
  • Market GRM: 12.55
  • Market Cap Rate: 5.28%
  • Current NOI: $95,824