Garden-Style 8-Unit Apartment
12415 Cedar Avenue, Hawthorne, CA 90250
For Sale
Contact for pricing
Single-story residences have separate entrances at the front and rear, with outdoor space on both sides.
Property Size5,048 SF
Lot Size0.25 Acres
Price / SF$434.83
Days on Market14
Property Features for 12415 Cedar Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
on-site laundry facility
Building Details
Stories
Construction
Listing Agency:
Shield Commercial Real Estate
Listed By:
Jonathan Nikfarjam · License CA #01856803
(310) 593-9868
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 10 at 5:33AM
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
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Investment Insights
Based on property information with market context.
The 5,048-SF apartment property contains eight single-story units: six one-bedroom, one-bath apartments and two studios with one bath. Six units have received upgrades to windows, electrical and plumbing systems, along with updated interior finishes. The main electrical panel has been replaced, and each apartment has its own meter. Unit H is vacant and in renovation; Unit B is scheduled for delivery vacant. Three detached two-car garages provide six parking spaces, and the site also includes a laundry facility used by the neighboring property that produces additional income. The 10,876-SF corner parcel has no local rent control; AB 1482 applies. The stated current cap rate is 6.08% with an 11.30 GRM, compared with pro forma figures of 6.58% and 10.65, respectively. Potential ADU development at the garages is subject to buyer verification.
The property is in Hawthorne, west of Prairie Avenue and south of 120th Street. SpaceX and the Tesla Design Center are approximately one mile away; SoFi Stadium and Intuit Dome are about two miles away. Nearby employment destinations identified include Northrop Grumman, Raytheon, the Los Angeles Times, Cosm Los Angeles, Hollywood Park Tomorrow, Boeing and LAX Airport.
The property is in Hawthorne, west of Prairie Avenue and south of 120th Street. SpaceX and the Tesla Design Center are approximately one mile away; SoFi Stadium and Intuit Dome are about two miles away. Nearby employment destinations identified include Northrop Grumman, Raytheon, the Los Angeles Times, Cosm Los Angeles, Hollywood Park Tomorrow, Boeing and LAX Airport.
Key Highlights
- Eight units: six one‑bedroom/one‑bath apartments and two studio/one‑bath units
- 5,048‑SF building on a 10,876‑SF corner parcel
- Six units upgraded with new windows, electrical and plumbing systems, and updated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,226
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,520
$1.6M
Cap Rate 7%
$1,160,371
$1.2M
Cap Rate 9%
$902,511
$902.5K
Market Conditions
NOI Build-Up for 5,048 SF
Gross rent
$160.5K $31.80/SF
− Vacancy
−$12.8K −$2.54/SF
EGI
$147.7K $29.26/SF
− OpEx
−$66.5K −$13.17/SF
NOI
$81.2K $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 Rate 5%
$1,624,520
Cap Rate 7%
$1,160,371
Cap Rate 9%
$902,511
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,226 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $189,188 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
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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
$827,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Single-story residences have separate entrances at the front and rear, with outdoor space on both sides.
Where is this apartment building located?
The property is located at 12415 Cedar Avenue Hawthorne, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Eight units: six one‑bedroom/one‑bath apartments and two studio/one‑bath units; 5,048‑SF building on a 10,876‑SF corner parcel; Six units upgraded with new windows, electrical and plumbing systems, and updated interiors
