Value-Add 7-Unit
For Sale
$1,895,000
11966 Oxford Avenue, Hawthorne, CA 90250
Built in 1962, this 7-unit property offers a mix of one-, two-, and three-bedroom units plus covered carport parking and on-site laundry.
Property Size6,314 SF
Lot Size0.20 Acres
Price / SF$300.13
Days on Market98
Property Features for 11966 Oxford Avenue
General Information
Standard status
Active
Size
6,314 SF
Total Parking Spaces
7
Lot size
0.20 Acres
Property subtype
Apartment
Additional Details
Multifamily Units
7
Amenities
on-site laundry facility
Building Details
Building Size
6,314 SF
Year Built
1962
Tenancy
Multi
Listing Agency:
Morgan Skenderian
Listed By:
Rick Applebaum · License #01273871
Source:
Archetyperealty
Added: Jun 1
Changed: Aug 28
Last Checked: Sep 5 at 5:13AM
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 Morgan Skenderian
Investment Insights
Based on property information with market context.
This 7-unit multifamily property was built in 1962 and totals 6,314 square feet of rentable space. The unit mix includes two one-bedroom/one-bath units, four two-bedroom/one-bath units, and one three-bedroom/two-bath unit. The property provides seven covered carport parking spaces and includes an on-site laundry facility.
Significant infrastructure improvements have already been completed, including updated copper plumbing, a newer sewer line, and upgraded electrical panels. The improvements help reduce near-term capital exposure and provide a foundation for future interior upgrades and lease repositioning.
Set on an 8,741 square foot lot, the asset is offered for sale as a value-add opportunity with operational stability and room for enhanced performance through interior and leasing execution.
Significant infrastructure improvements have already been completed, including updated copper plumbing, a newer sewer line, and upgraded electrical panels. The improvements help reduce near-term capital exposure and provide a foundation for future interior upgrades and lease repositioning.
Set on an 8,741 square foot lot, the asset is offered for sale as a value-add opportunity with operational stability and room for enhanced performance through interior and leasing execution.
Key Highlights
- 7‑unit multifamily property built in 1962 with 6,314 SF of rentable space on an 8,741 SF lot
- Unit mix: 2 one‑bedroom/one‑bath, 4 two‑bedroom/one‑bath, and 1 three‑bedroom/two‑bath unit
- 7 covered carport parking spaces plus an on‑site laundry facility
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
$101,597
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
5.36%
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%
$2,031,940
$2.0M
Cap Rate 7%
$1,451,386
$1.5M
Cap Rate 9%
$1,128,856
$1.1M
Market Conditions
NOI Build-Up for 6,314 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
$200.8K $31.80/SF
− Vacancy
−$16.1K −$2.54/SF
EGI
$184.7K $29.26/SF
− OpEx
−$83.1K −$13.17/SF
NOI
$101.6K $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%
$2,031,940
Cap Rate 7%
$1,451,386
Cap Rate 9%
$1,128,856
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,597 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,634 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,537
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 - Built in 1962, this 7-unit property offers a mix of one-, two-, and three-bedroom units plus covered carport parking and on-site laundry.
Where is this apartment building located?
The property is located at 11966 Oxford Avenue Hawthorne, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 7‑unit multifamily property built in 1962 with 6,314 SF of rentable space on an 8,741 SF lot; Unit mix: 2 one‑bedroom/one‑bath, 4 two‑bedroom/one‑bath, and 1 three‑bedroom/two‑bath unit; 7 covered carport parking spaces plus an on‑site laundry facility
