11853 Manor Drive, Hawthorne, CA 90250 - Berkshire Hathaway HomeServices California Properties

888.995.7575

11853 Manor Drive Hawthorne, CA 90250

$1,950,000 14 beds, 8 baths
5, 244 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26107675

List price is $1,950,000

Beds: 14

Baths: 8

Built in 1958

5,244 sqft

0.20 acres

Lot size: 0.2013

County: Los Angeles