Value-Add 9-Unit Apartment
12128 Ramona Hawthorne, CA 90250
12128 Ramona, Hawthorne, CA, 90250
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For Sale
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Nine-unit apartment complex with covered parking and a mix of studios, one-, and two-bedroom units.
Property Size6,343 SF
Price / SF$315.31
Days on Market86
Property Features for 12128 Ramona
General Information
- Standard status
- Active
- Size
- 6,343 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing agency
Lyon Stahl Investment Real Estate
Listed by
Chris van Vuuren · License #CA 02060007
Source
Crexi
Added: Apr 28 Updated: Jul 22 at 12:25PM Checked: Jul 22 at 12:25PM
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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
12128 Ramona Avenue is a value-add nine-unit apartment complex featuring four 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and two studio units. The property includes seven on-site covered parking spaces.
The building is located on a quiet, low-density street in Hawthorne, California, within the Ramona neighborhood. The public remarks note convenient access to neighborhood amenities, employment hubs, and major transportation corridors.
Five units are described as being delivered ready for new tenants, supporting a lease-up approach for a new owner. The remaining units’ tenancy status is not specified in the provided information.
The building is located on a quiet, low-density street in Hawthorne, California, within the Ramona neighborhood. The public remarks note convenient access to neighborhood amenities, employment hubs, and major transportation corridors.
Five units are described as being delivered ready for new tenants, supporting a lease-up approach for a new owner. The remaining units’ tenancy status is not specified in the provided information.
Key Highlights
- Nine‑unit apartment complex built in 1963
- Unit mix: four 2BD/1BA, three 1BD/1BA, and two studio units
- Five units will be delivered ready for new tenants
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.7k | $31.80 |
| − Vacancy | −$16.1k | −$2.54 |
| EGI | $185.6k | $29.26 |
| − OpEx | −$83.5k | −$13.17 |
| NOI | $102.1k | $16.09 |
6,343 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,064 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,721 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rena Ware Distributors ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Nine-unit apartment complex with covered parking and a mix of studios, one-, and two-bedroom units.
Where is this apartment building located?
The property is located at 12128 Ramona Hawthorne, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Nine‑unit apartment complex built in 1963; Unit mix: four 2BD/1BA, three 1BD/1BA, and two studio units; Five units will be delivered ready for new tenants
