This 7-unit multifamily property located in Hawthorne presents a compelling value-add investment opportunity in a supply-constrained South Bay rental market. Built in 1962 and encompassing 6,314 square feet of rentable space on an 8,741 square foot lot, the asset features a well-balanced unit mix of (2) one-bedroom/one-bath units, (4) twobedroom/one-bath units, and (1) three-bedroom/two-bath unit. The property benefits from 7 covered carport parking spaces and an on-site laundry facility that generates additional income. Significant infrastructure improvements have already been completed, including updated copper plumbing, newer sewer line, and upgraded electrical panels, reducing near-term capital exposure and providing a strong foundation for future renovation efforts. With approximately 44% rental upside, the asset offers investors the ability to enhance cash flow through interior upgrades and strategic lease repositioning. This is an attractive opportunity to acquire a well-located multifamily asset with existing operational stability and substantial upside potential through value-add execution.
| MLS # | PW26118308 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 82 |
| Listing Provided By | Morgan Skenderian | Rick Applebaum |
| SQ Feet | 6,314 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 1 |
| Acreage | 0.20 |
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Biking, Curbs, Park, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Hawthorne |
| Zip Code | 90250 |
| Area | 107 Holly Glen | Del Aire |
| Listing VS Median (in 90250) | |
Price: $1,895,000 low | high Med: $1,499,000 sqft: 6,314 low | high Med: 4,479 $ / sqft: $300 low | high Med: $335 On site: 82 low | high Med: 31 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Hawthorne |
| Zip Code | 90250 |
| Area | 107 Holly Glen | Del Aire |
| Listing VS Median (in 90250) | |
Price: $1,895,000 low | high Med: $1,499,000 sqft: 6,314 low | high Med: 4,479 $ / sqft: $300 low | high Med: $335 On site: 82 low | high Med: 31 | |
![]() | $1,250,00012311 HawthorneHawthorne, CA 90250 |
![]() | $2,125,00011936 Grevillea AvenueHawthorne, CA 90250 |