Six-Unit Bungalow Apartment
For Sale
$2,326,000
13632 -36 Cerise Ave, Hawthorne, CA 90250
Residential Income, Bungalow, Hawthorne, CA
Property Size4,920 SF
Lot Size0.45 Acres
Price / SF$472.76
Days on Market105
Property Features for 13632 -36 Cerise Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HAR3*
Bedrooms
12
Bathrooms
6
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 9, Bedroom 10, Bathroom 5, Bedroom 12, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 11, Bathroom 2
Parking
6
Parking features
Assigned, Covered
Appliances
Oven, Oven-Gas, Microwave, Cooktop - Gas, Built-In Gas
Lot features
Single Lot, Value In Land
Directions
NORTH OF ROSECRANS AVE., SOUTH OF W. EL SEGUNDO BLVD., WEST OF CRENSHAW BLVD., EAST OF PRAIRIE AVE.
Subdivision
East Hawthorne
Standard status
Active
APN
4052-005-063
Size
4,920 SF
Lot size
0.45 Acres
Building Details
Year built
1959
Floors in Building
1
Number of units
6
Flooring type
Laminate
Roof type
Composition, Shingle
Architectural style
Bungalow
Listing Agency:
Trimax Realty, Inc.
(310) 954-0808
Listed By:
Fred Nabati · License #01276914
(424) 704-3373
Added: May 26
Changed: Aug 19
Last Checked: Sep 7 at 3:06AM
MLS# 26835959
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property contains six residential units within a 4,920-square-foot bungalow-style building. The improvements date to 1959 and include laminate flooring, composition and shingle roofing, gas cooking appliances, ovens, a microwave, and assigned covered parking. The unit and room information identifies 12 bedrooms and six bathrooms across the property.
The property is located at 13632 -36 Cerise Ave in Hawthorne, California 90250, within Los Angeles County. It occupies 0.4483 acres and carries HAR3* zoning. The existing configuration provides a defined multifamily asset with covered assigned parking and residential building improvements already in place.
The property is located at 13632 -36 Cerise Ave in Hawthorne, California 90250, within Los Angeles County. It occupies 0.4483 acres and carries HAR3* zoning. The existing configuration provides a defined multifamily asset with covered assigned parking and residential building improvements already in place.
Key Highlights
- Six residential units in a 4,920‑square‑foot apartment building
- 0.4483‑acre property at 13632 -36 Cerise Ave, Hawthorne, CA 90250
- HAR3* zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,167
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,583,340
$1.6M
Cap Rate 7%
$1,130,957
$1.1M
Cap Rate 9%
$879,633
$879.6K
Market Conditions
NOI Build-Up for 4,920 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$156.5K $31.80/SF
− Vacancy
−$12.5K −$2.54/SF
EGI
$143.9K $29.26/SF
− OpEx
−$64.8K −$13.17/SF
NOI
$79.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,583,340
Cap Rate 7%
$1,130,957
Cap Rate 9%
$879,633
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$989.6K – $1.32M
NOI $79,167 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,390 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
Explore this area
Business Placement
Demographics for 90250, CA
97,653
Population
34,105
Households
2.9
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
6.8 sq mi
ZIP Area
14,361
Density / Sq Mi
$74,923
Median Household Income
$40,288
Median Earnings
$1,723
Median Rent
$827,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units, bungalow architecture, laminate flooring, and assigned covered parking define the property’s existing configuration.
Where is this apartment building located?
The property is located at 13632 -36 Cerise Ave Hawthorne, CA.
What is the asking price?
The asking price for this property is $2,326,000.
What are key features of this property?
This property features: Six residential units in a 4,920‑square‑foot apartment building; 0.4483‑acre property at 13632 -36 Cerise Ave, Hawthorne, CA 90250; HAR3* zoning designation
