11520 Menlo AVE, Hawthorne, CA 90250
11520 Menlo AVE, Hawthorne, CA 90250
11520 Menlo AVE, Hawthorne, CA 90250
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Mirka Deniz

Mirka Deniz

+1(909) 507-6797
$5,400,000
Est. payment /mo
19 Beds
26 Baths
14,561 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,561 sqft

Price per Sqft $370

MLS Listing ID 26105143

Bedrooms 19

HOA Y/N No

Year Built 1972

Lot Size 0.302 Acres

Property Description

We are pleased to present 11520 Menlo Avenue, a 25-unit multifamily investment opportunity located in the desirable South Bay rental market of Hawthorne, California. Built in 1972, the property consists of approximately 14,561 square feet of building area situated on a 13,162-square-foot lot. The property offers an attractive unit mix consisting of one (1) two-bedroom/two-bathroom unit, seventeen (17) one-bedroom/one-bathroom units, and seven (7) studio units. The property has benefited from substantial capital improvements in recent years, including a complete copper repipe (2019), replacement of all drain lines (2024), pitched roof replacements (2019), deck improvements (2023), and exterior painting (2024). These significant infrastructure upgrades represent meaningful investments in the property and may help minimize future capital expenditure requirements. Select units have also been renovated with updated kitchens and bathrooms, modern countertops, upgraded flooring, and refreshed finishes. Offered at $5,400,000, the property provides investors with an attractive 6.12% current capitalization rate and a projected 7.19% pro forma capitalization rate, offering immediate cash flow with additional rental upside. The property is subject to California's statewide rent stabilization regulations under AB 1482 rather than a more restrictive local rent control ordinance, providing investors with greater flexibility for future rental growth, subject to applicable laws. Strategically located in the heart of the South Bay's aerospace and technology employment corridor, 11520 Menlo Avenue offers convenient access to some of Southern California's most prominent employers. The property is situated near SpaceX's extensive Hawthorne operations, along with Amazon's Ring facilities and other technology and advanced manufacturing employers. Nearby El Segundo and Redondo Beach are home to major aerospace and defense companies, including Northrop Grumman, Boeing, RTX (formerly Raytheon), and The Aerospace Corporation. The property also benefits from proximity to Los Angeles International Airport (LAX), the I-105 and I-405 freeways, and the neighboring coastal communities of Manhattan Beach, Hermosa Beach, and Redondo Beach. This concentration of major employers, combined with convenient regional accessibility, supports the property's appeal to a broad tenant base and long-term rental demand. With its extensive capital improvements, favorable unit mix, attractive in-place returns, and additional income potential, 11520 Menlo Avenue presents an excellent opportunity to acquire a sizable multifamily investment in the South Bay.

Location

State CA

County Los Angeles

Area 108 - North Hawthorne

Zoning HAR3*

Interior

Heating Wall Furnace

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Total Parking Spaces 30

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4047006023

Special Listing Condition Standard

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Listed by Benjamin J. Hsiang Realty Investment Advisors, Inc. #01438644

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