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$1,950,000

FOR SALE
Active

11853 Manor Drive

Hawthorne, CA

MLS# 26107675

5,244 Sq Ft14bd • 8ba
4 days on marketNalren refreshed

Listing Agent

Taylor Avakian

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

DRE #: 02060040

(310) 425-9838

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Freddie Gershinson

Co-Listing Agent

Lyon Stahl Investment Real Estate, Inc.

DRE #: 02254744

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Property Details

14

Bedrooms

8

Bathrooms

5,244 sqft

Square Feet

1958

Year Built

0.2 acres

Lot Size

$372

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

Description

11853 Manor Dr | 7-Unit Multifamily, Hawthorne. 1958-built asset totaling 5,244 SF on an 8,762 SF lot in North Hawthorne, on the west side of Manor Dr just north of W 120th St, minutes from SpaceX's Hawthorne campus, LAX, and SoFi Stadium. The property features (5) 2BR/1BA units averaging 749 SF, (1) 1BR/1BA at 574 SF, and (1) 3BR/2BA at 900 SF, all upgraded with no known deferred maintenance. All seven units are occupied. In-place rents average $2,317, or 96.9% of the $2,392 market average, and a RUBS program recovers $13,527 annually against the master-metered utility load. Offered at $1,950,000 ($278,571/unit | $371.85/SF) with a 6.88% in-place cap rate, the real story is day-one yield: finished product, fully leased, with a 7.20% pro forma cap as rents reset to market at turnover under AB 1482.

Facts & Features

Building

Year Built
1958
Living Area
5,244 sqft
Building Area Total
5,244
Levels
Multi Split
Stories Total
0

Utilities

Heating
None
Cooling
None

Parking

Parking Features
Carport
Parking Total
7

Community / HOA

HOA
No

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