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Multifamily

11519 Cedar Ave

11519 Cedar Ave, Hawthorne, CA 90250

Listing Price: $1,525,000

Cap Rate
4.18%
Number of Units
5
Occupancy
100.0%
Price/Unit
$305,000
Price/Gross SF
$336.64
Gross SF
4,530

Investment Overview

Marcus & Millichap is pleased to present 11519 Cedar Street, a 5-unit multi-family community located in the the great rental market of Hawthorne, CA. Located in the heart of the South Bay, the Property is just minutes from LAX, the new Sofi Stadium and entertainment complex, and the Pacific Ocean. The property was built in 1958 and is comprised of approximately 4,530 rentable square feet on a 7,658 square foot lot. The building has an outstanding unit mix, comprising of one 1 bedroom 1 bathroom unit, three 2 bedroom1 bathroom units, and one oversized 3 bedroom 2 bathroom owner’s unit. The property is separately metered for gas and electricity, features ample secured parking, and the tenants benefit from the property’s central location. In addition, four of the five units have been renovated in the last 24 months and the property has also been earthquake retrofitted. This is an outstanding opportunity to acquire a desirable multi-family asset with substantial upside in the city of Hawthorne and would be a great addition to any investors portfolio.

Investment Highlights

  • AMENITIES INCLUDE OPEN PARKING SPACES AND ON-SITE LAUNDRY FOR TENANTS' CONVENIENCE
  • HISTORICALLY LOW FINANCING AVAILABLE FOR MULTI-FAMILY PROPERTIES
  • GREAT CENTRAL LOCATION NEAR THE 405 & 105 FREEWAYS, APPROX. 3 MILES TO LAX & 2 MILES TO SOFI STADIUM & ENTERTAINMENT DISTRICT
  • FOUR OF THE FIVE UNITS HAVE BEEN RENOVATED RECENTLY, EARTHQUAKE RETROFIT COMPLETE
  • "WALK SCORE" OF 77 – WALKING DISTANCE TO MANY SHOPS AND RESTAURANTS
  • OUTSTANDING UNIT MIX COMPRISED OF SPACIOUS 1, 2, AND 3 BEDROOM UNITS WITH ADDITIONAL ADU POTENTIAL AT THE REAR OF PROPERTY
  • STRONG IN-PLACE INCOME WITH SUBSTANTIAL RENTAL UPSIDE – OVER 20% RENTAL UPSIDE

Exclusively Listed By

Listing Price: $1,525,000

Cap Rate
4.18%
Number of Units
5
Occupancy
100.0%
Price/Unit
$305,000
Price/Gross SF
$336.64
Gross SF
4,530

Investment Highlights

  • AMENITIES INCLUDE OPEN PARKING SPACES AND ON-SITE LAUNDRY FOR TENANTS' CONVENIENCE
  • HISTORICALLY LOW FINANCING AVAILABLE FOR MULTI-FAMILY PROPERTIES
  • GREAT CENTRAL LOCATION NEAR THE 405 & 105 FREEWAYS, APPROX. 3 MILES TO LAX & 2 MILES TO SOFI STADIUM & ENTERTAINMENT DISTRICT
  • FOUR OF THE FIVE UNITS HAVE BEEN RENOVATED RECENTLY, EARTHQUAKE RETROFIT COMPLETE
  • "WALK SCORE" OF 77 – WALKING DISTANCE TO MANY SHOPS AND RESTAURANTS
  • OUTSTANDING UNIT MIX COMPRISED OF SPACIOUS 1, 2, AND 3 BEDROOM UNITS WITH ADDITIONAL ADU POTENTIAL AT THE REAR OF PROPERTY
  • STRONG IN-PLACE INCOME WITH SUBSTANTIAL RENTAL UPSIDE – OVER 20% RENTAL UPSIDE

Investment Overview

Marcus & Millichap is pleased to present 11519 Cedar Street, a 5-unit multi-family community located in the the great rental market of Hawthorne, CA. Located in the heart of the South Bay, the Property is just minutes from LAX, the new Sofi Stadium and entertainment complex, and the Pacific Ocean. The property was built in 1958 and is comprised of approximately 4,530 rentable square feet on a 7,658 square foot lot. The building has an outstanding unit mix, comprising of one 1 bedroom 1 bathroom unit, three 2 bedroom1 bathroom units, and one oversized 3 bedroom 2 bathroom owner’s unit. The property is separately metered for gas and electricity, features ample secured parking, and the tenants benefit from the property’s central location. In addition, four of the five units have been renovated in the last 24 months and the property has also been earthquake retrofitted. This is an outstanding opportunity to acquire a desirable multi-family asset with substantial upside in the city of Hawthorne and would be a great addition to any investors portfolio.

Exclusively Listed By

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