11529 York Avenue, Hawthorne, CA 90250

About this property

We are pleased to present this 5 unit apartment community located in the heart of Hawthorne. The offering consists of great unit mix of 2 bedroom and 3 bedroom units. In total, the buildings sit on a 7,000 sq ft lot and feature 6 parking spaces and on-site laundry. Offered at $231/sq ft, this opportunity allows an astute investor to add value to the property as tenants turnover. The property has strong day 1 income operating at a 5.03 % Cap Rate & 12.83 GRM. There is rental upside potential to a 7.72% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM. The property is in close proximity to SoFi and LAX making it extremely attractive for renters.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$1,350,000

Sold May 2023 · listed $1,400,000, on market March 2023 · MLS #23251901 · Source: CRMLS

Listing Agent: John Katnik · Listing Office: BRC Advisors- BH · Bought with: John Katnik · BRC Advisors- BH

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