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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,950,000

Est. payment - /mo

14 Beds

8 Baths

5,244 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,244 sqft

Price per Sqft $371

MLS Listing ID 26107675

Bedrooms 14

HOA Y/N No

Year Built 1958

Lot Size 8,768 Sqft

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 108 - North Hawthorne

Zoning HAR3YY

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Carport

Total Parking Spaces 7

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4044021011

Special Listing Condition Standard

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Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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11853 Manor DR Hawthorne, CA 90250

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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