Hawthorne Freestanding Office
For Sale
$1,200,000
11915 S Inglewood Ave, Hawthorne, CA 90250
Two-story commercial building in Hawthorne near LAX, El Segundo.
Property Size2,580 SF
Price / SF$465.12
Days on Market134
Property Features for 11915 S Inglewood Ave
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Commercial
Building Details
Building Size
2,580 SF
Listed By:
Scott James · License #01911554
(626) 327-1836
Source:
Elliman
Added: Apr 24
Changed: Sep 4
Last Checked: Jul 16 at 11:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scott James
Investment Insights
Based on property information with market context.
This freestanding two-story commercial office building, constructed in 1965, offers approximately 2,580 square feet of space. It is situated along the Inglewood Ave corridor in Hawthorne, near LAX, El Segundo, and Gardena. The property benefits from strong street visibility, signage exposure, flexible interior layout potential, and on-site parking. Currently vacant, the building is available for immediate occupancy, presenting an opportunity for owner-occupants or investors to lease to multiple tenants. The property is suitable for professional office, medical, service, or creative workspace uses, with buyer verification. It provides convenient access to the 105 and 405 freeways, nearby residential neighborhoods, and surrounding commercial amenities. The location has a bike score of 59, indicating it is bikeable, a walk score of 72, indicating it is very walkable, and a transit score of 50, indicating good transit options. This South Bay asset offers flexibility for owner-use or income potential.
Key Highlights
- Freestanding ±2,580 SF two‑story commercial office building
- Lease option available
- Located near LAX, El Segundo, and Gardena
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
$56,397
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
4.70%
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%
$1,127,940
$1.1M
Cap Rate 7%
$805,671
$805.7K
Cap Rate 9%
$626,633
$626.6K
Market Conditions
NOI Build-Up for 2,580 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
$99.1K $38.40/SF
− Vacancy
−$23.9K −$9.25/SF
EGI
$75.2K $29.15/SF
− OpEx
−$18.8K −$7.29/SF
NOI
$56.4K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,127,940
Cap Rate 7%
$805,671
Cap Rate 9%
$626,633
Alternative Uses
Best Use
Office B
$805.7K
$705.0K – $940.0K
NOI $56,397 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,693 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,315
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story commercial building in Hawthorne near LAX, El Segundo.
Where is this office building located?
The property is located at 11915 S Inglewood Ave Hawthorne, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Freestanding ±2,580 SF two‑story commercial office building; Lease option available; Located near LAX, El Segundo, and Gardena
