Renovated 8-Unit Apartment
For Sale
Contact for pricing
11936 Grevillea Avenue, Hawthorne, CA 90250
Eight-unit apartment building on a 7,733-SF lot with renovated interiors, upgraded electrical, newer roof, and on-site laundry.
Property Size5,971 SF
Lot Size0.18 Acres
Price / SF$355.89
Days on Market84
Property Features for 11936 Grevillea Avenue
General Information
Standard status
Active
Size
5,971 SF
Total Parking Spaces
7
Lot size
0.18 Acres
Property subtype
Multifamily
Zoning
HAR3YY
Occupancy
75%
Investment Type
Stabilized
Net Operating Income
$122,212
Additional Details
Cap Rate
5.75%
Multifamily Units
8
Amenities
on-site laundry facility
Building Details
Year Built
1962
Buildings
1
Units
8
Tenancy
Multi
Listing Agency:
Shield Commercial Real Estate
Listed By:
Jonathan Nikfarjam · License #CA 01856803
(310) 880-6807
Source:
Crexi
Added: Jun 16
Changed: Aug 26
Last Checked: Sep 7 at 11:32AM
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 Shield Commercial Real Estate
Investment Insights
Based on property information with market context.
This 8-unit apartment building is situated on a 7,733-SF lot and features a unit mix of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and five 1-bedroom/1-bath units. Six of the units have been renovated. Updates include upgraded electrical subpanels in all units, a newer roof installed in 2021 with a 30-year materials warranty, and a newer hot water heater installed in 2022. The property also includes on-site laundry and a total of 7 parking spaces.
The building is located west of Hawthorne Boulevard. Nearby destinations include Intuit Dome and Northrup Grumman (approximately 1.5 miles), and SoFi Stadium (approximately 2 miles).
The income approach is supported by in-place rents and laundry amenities, with seller financing available at 5.0% interest-only for 12–18 months with 40% down.
The building is located west of Hawthorne Boulevard. Nearby destinations include Intuit Dome and Northrup Grumman (approximately 1.5 miles), and SoFi Stadium (approximately 2 miles).
The income approach is supported by in-place rents and laundry amenities, with seller financing available at 5.0% interest-only for 12–18 months with 40% down.
Key Highlights
- 8‑unit apartment building on a 7,733‑SF lot in Hawthorne, west of Hawthorne Boulevard
- Unit mix: one 3 bed/2 bath, two 2 bed/1 bath, and five 1 bed/1 bath; six units have been renovated
- Upgraded electrical subpanels in all units
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
$96,078
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
4.52%
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%
$1,921,560
$1.9M
Cap Rate 7%
$1,372,543
$1.4M
Cap Rate 9%
$1,067,533
$1.1M
Market Conditions
NOI Build-Up for 5,971 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
$189.9K $31.80/SF
− Vacancy
−$15.2K −$2.54/SF
EGI
$174.7K $29.26/SF
− OpEx
−$78.6K −$13.17/SF
NOI
$96.1K $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%
$1,921,560
Cap Rate 7%
$1,372,543
Cap Rate 9%
$1,067,533
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,078 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $223,780 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,237
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment building on a 7,733-SF lot with renovated interiors, upgraded electrical, newer roof, and on-site laundry.
Where is this apartment building located?
The property is located at 11936 Grevillea Avenue Hawthorne, CA.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: 8‑unit apartment building on a 7,733‑SF lot in Hawthorne, west of Hawthorne Boulevard; Unit mix: one 3 bed/2 bath, two 2 bed/1 bath, and five 1 bed/1 bath; six units have been renovated; Upgraded electrical subpanels in all units
