Compare Listings

11413 Menlo Ave, Hawthorne, CA 90250

$1,445,000

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!

Investment Highlights: 

  • 4.11% Current CAP | 5.89% Pro Forma CAP
  • 14.59 Current GRM | 11.99 Pro Forma GRM
  • (1) 3-Bed/2-Bath Unit & (4) 2-Bed/1-Bath Spacious Units
  • 10 Parking Spaces
  • Turn-Key Asset | Built in 1963
  • Centrally-Located Near Space-X, 105/405 FWY & Hollywood Park Redevelopment

Property Downloads

Address

  • City: Hawthorne
  • State/county: CA
  • Country: United States

Detail

Updated on June 18, 2019 at 7:44 pm

  • Price: $1,445,000
  • Sell Date: 4/29/19
  • Property Size: 6,952 Sq Ft
  • Land Area: 5,188 Sq Ft
  • Year Built: 1963
  • Property Type: Multifamily
  • Property Status: Sold
  • Numbers of Units: 5
  • GRM: 14.59
  • CAP RATE: 4.11%
  • Price per Unit: $287,000
  • Market GRM: 11.67
  • Market CAP RATE: 6.09%

Contact info

Chris Van Vuuren
Chris Van Vuuren
(424) 220-8960(714) 655-0098
Linkedin
Mason Rowland
Mason Rowland
(310) 490-7623
Ryan Rembert
Ryan Rembert
(310) 491-5933(310) 667-2465
Nico Rosmarin
Nico Rosmarin
(424) 226-9449(303) 819-5225
Linkedin

Inquire about this property

Agent Properties