11853 Manor Dr, Hawthorne, CA 90250
11853 Manor Dr, Hawthorne, CA 90250
11853 Manor Dr, Hawthorne, CA 90250
11853 Manor Dr, Hawthorne, CA 90250
11853 Manor Dr, Hawthorne, CA 90250
11853 Manor Dr, Hawthorne, CA 90250
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$ 1,950,000
Est. payment | /mo

14 Beds

8 Baths

5,244 SqFt


Save
$ 1,950,000
Est. payment | /mo
Save

14 Beds

8 Baths

5,244 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,244 sqft

Price per Sqft $371

MLS Listing ID 26107675

Bedrooms 14

Year Built 1958

Lot Size 8,769 Sqft

Acres 0.2013

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area North Hawthorne

Zoning HAR3YY

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

Schools and Properties Nearby

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11853 Manor Dr