11936 Grevillea Avenue, Hawthorne, CA 90250
- $2,125,000
- 12
- BD
- 9
- BA
- 5,971
- SqFt
- List Price
- $2,125,000
- Status
- ACTIVE
- MLS#
- 26848245
- Year Built
- 1962
- Bedrooms
- 12
- Bathrooms
- 9
- Living Sq. Ft
- 5,971
- Lot Size
- 7,733
- Acres
- 0.18
- Days on Market
- 41
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Seller Carry Financing Available: 5.0% interest-only financing available with 40% down (60% LTV) for up to 18 months. Highly Desirable Hawthorne Location: Located west of Hawthorne Boulevard, approximately 1.5 miles from Northrop Grumman and Intuit Dome, and 2 miles from SoFi Stadium. Renovated Units & Recent Capital Improvements: Six units have been renovated, and all units feature updated electrical subpanels. Property has also undergone recent capital improvements, including a newer roof (2021) with a 30-year warranty and a newer hot water heater (2022). Attractive Unit Mix: Comprised of (1) 3-bedroom/2-bathroom unit, (2) 2-bedroom/1-bathroom units, and (5) 1-bedroom/1-bathroom units. Strong Cash Flow & Rental Upside: Offering a 5.75% current cap rate and 11.23 GRM with upside to a 6.70% pro-forma cap rate and 10.08 GRM. No Local Rent Control: Property defaults to AB 1482. Building Amenities: On-site laundry facility provides additional annual income, and the property includes a total of seven parking spaces. Surrounded by Major Employment Centers: Convenient access to Northrop Grumman, SpaceX, Raytheon, Boeing, Tesla Design Center, Hollywood Park, Los Angeles Times, and LAX Airport, supporting strong long-term rental demand.
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 8
Listing courtesy of Listing Agent: Jonathan Nikfarjam (jonathan@shieldcre.com) from Listing Office: Shield CRE, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.