11626 MENLO AVE Hawthorne, CA 90250

$1,385,000

1 of 9

Bedrooms

Total Baths

Full Baths

4,749

Square Feet

0.15

Acres

1960

Year Built

15 days

On Website

Active

Status

LOWEST $/SQ FT IN HAWTHORNE! 11626 Menlo Ave is a HUGE 4 unit property. There are no vacant units and rents are easily 30%+ below market. There is some deferred maintenance mostly cosmetic and due to long term tenancy. It’s a perfect value add opportunity for a buyer willing to complete work which would require pulling permits and take at least 30 days to complete which would then allow the units to be vacated, renovated and leased up at full market rent. Excellent unit mix consisting of 2-3BR/2BA, 1-2BR/1BA and 1-1BR/1BA. All units are large and average well over 1,000 square feet each. One of the 3BR is located in the front of the property and has a fireplace. The other 3BR is located in the rear of the property, has a large sundeck and is occupied by a Section 8 tenant. The 2BR is also occupied by a Section 8 tenant. All units are separately metered for utilities which keeps operating expenses low. The roof was replaced approx 16 years ago and appears to be in good condition. The plumbing is galvanized. There is ample onsite parking and all units have washer/dryer hookups which is a great amenity at this time. It’s strategically located close to freeways, major employers, SOFI Stadium and LAX. Priced at only $291/sq ft it’s the perfect opportunity for an astute investor to create significant value through sweat equity.

I'm Interested

Schedule a showing
In Person Virtual NEW

Details


Interior
Living Area
4,749 SqFt.

Building And Construction
Number Of Units Total
4
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1960

Exterior And Lot
Lot Size Acres
0.151
Lot Size Square Feet
6576
Lot Size Units
Square Feet
Parking Total
4
Zoning
HAR3YY

Area And Schools
City
Hawthorne
County Or Parish
Los Angeles

Listing By Re/Max Commercial & Investment – Brian Estes

MLS# SB21002116

Data Last Updated 15 days ago

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

Your browser is out of date or unsupported. Some features of this website may not work until you update to a supported browser. More Info

Your browser is not currently supported. We recommend viewing REMAX.com and it's affiliated sites on one of the following browsers: