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11523 Menlo Ave
For Sale $1,450,000 ($264.41 per Sq Ft)
$1,450,000 ($264.41 per Sq Ft)
- 5 Units
- 5,484 Sq Ft
- 6,957 Sq Ft
- Unknown Cap Rate
Description
We are pleased to present Menlo Avenue Apartments located in the city of Hawthorne. The 5,484 SF five unit property constructed in 1963 is comprised of one x one bedroom/one bath, two x two bedroom/one and three-quarter bath, and two x four bedroom/ one and three-quarter bath apartments. Further, the four bedroom units have laundry hookups and fireplaces. Recent capital improvements include complete renovation of units B and E in 2023. The central water heater along with the majority of the sewer line were replaced in 2022, totaling in excess of $100,000 in recent capital expenditures. The property has 6 parking spaces, on-site leased laundry, and a community roof deck in the rear above the carport. The property is subject to AB 1482, and there is no local rent control in Hawthorne. Please do not walk on property, tenants are not aware of sale.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,450,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,484 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4047005021 |
| MLS # | 24414955 |
| Property ID | 320670394 |
| Lot Sqft | 6,957 |
| Zoning | HAR3YY |
| Total Units | 5 |
| Days on Market | 133 |
| Original List Price | $1,500,000 |
| Date Updated | November 20, 2024 |
| Date Created | July 12, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,650 | $1,800 |
| Unit #2 | 2 | 2.00 | $1,722 | $2,400 |
| Unit #3 | 2 | 2.00 | $2,150 | $2,400 |
| Unit #4 | 4 | 2.00 | $3,100 | $3,400 |
| Unit #5 | 4 | 2.00 | $2,241 | $3,400 |
| Gross Income (Yr) | $ 127,845 |
| Operating Expenses | $ 52,605 |
| Net Income (Yr) | $ 75,240 |
| Cap Rate | 5.32% |
Listing Provided By
Robert Leveen an agent of . Lic #01476685
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