11853 Manor Dr, Hawthorne, CA 90250

$1,950,000
: 14
BD
: 8
BA
: 5,244
SqFt

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List Price: $1,950,000
MLS#: 26107675
Year Built: 1958
Bedrooms: 14
Bathrooms: 8
Living Sq. Ft: 5,244
Lot Size: 8,769
Days on Market: 13
Property Type: Multifamily

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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.

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Additional Information

Other Buildings: None
Heat: None
Cooling: None
Number of Cars in Garage: None

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Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian - CA DRE#02060040

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