11936 Grevillea Avenue,Hawthorne, CA 90250
Hawthorne, CA 90250
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.
Details
| MLS # | 26848245 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1962 |
| Days On Site | 93 |
| Listing Provided By | Shield CRE, Inc. | Jonathan Nikfarjam |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 9 |
| SQ Feet | 5,971 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | HAR3YY |
| Acreage | 0.18 |
Parking
| Parking Features | Covered, Carport |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Hawthorne |
| Zip Code | 90250 |
| Area | 108 North Hawthorne |
| Listing VS Median (in 90250) | |
Price: $2,125,000 low | high Med: $1,499,000 sqft: 5,971 low | high Med: 4,479 $ / sqft: $356 low | high Med: $335 On site: 93 low | high Med: 57 | |
Market Activity 90250
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Hawthorne |
| Zip Code | 90250 |
| Area | 108 North Hawthorne |
| Listing VS Median (in 90250) | |
Price: $2,125,000 low | high Med: $1,499,000 sqft: 5,971 low | high Med: 4,479 $ / sqft: $356 low | high Med: $335 On site: 93 low | high Med: 57 | |
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