Two-Building Storefront Retail
For Sale
Contact for pricing
12866 Hawthorne Boulevard, Hawthorne, CA 90250
Two-parcel retail asset with established restaurant and tax-preparation tenants, rear parking, and access to major South Bay routes.
Property Size5,217 SF
Lot Size0.28 Acres
Price / SF$354.61
Days on Market14
Property Features for 12866 Hawthorne Boulevard
General Information
Standard status
Active
Size
5,217 SF
Class
B
Lot size
0.28 Acres
Property subtype
Retail
Zoning
C-2/C-2YY
Lease Type
Gross
Investment Type
Value Add
Financials
Asking Price
$1,850,000
Cap Rate
6.94%
Building Details
Year Built
1930
Buildings
2
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3265
Listed By:
Sheila Alimadadian · License #CA 01266188
Source:
Crexi
Added: Aug 19
Changed: Aug 31
Last Checked: Sep 1 at 11:30AM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
This storefront retail property comprises two parcels and two buildings totaling approximately 5,217 square feet on 12,153 square feet of land. The improvements date to 1930 and include established occupants India’s Tandoori Halal Restaurant and Jackson Hewitt. The restaurant lease includes a five-year extension option with annual rent increases. Zoning is C-2/C-2YY.
Approximately 100 feet of frontage along Hawthorne Boulevard provides exposure near El Segundo Boulevard, while rear parking supports access to the buildings. The property is positioned near major retailers, the I-105 and I-405 freeways, LAX, and the broader South Bay employment base. Separate-parcel ownership provides flexibility for future owner-user, leasing, repositioning, or redevelopment plans, as supported by the existing configuration.
Approximately 100 feet of frontage along Hawthorne Boulevard provides exposure near El Segundo Boulevard, while rear parking supports access to the buildings. The property is positioned near major retailers, the I-105 and I-405 freeways, LAX, and the broader South Bay employment base. Separate-parcel ownership provides flexibility for future owner-user, leasing, repositioning, or redevelopment plans, as supported by the existing configuration.
Key Highlights
- Two buildings totaling approximately 5,217 square feet on 12,153 square feet of land
- Two‑parcel configuration with C‑2/C‑2YY zoning
- Established tenants include India’s Tandoori Halal Restaurant and Jackson Hewitt
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
$115,424
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
6.24%
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%
$2,308,480
$2.3M
Cap Rate 7%
$1,648,914
$1.6M
Cap Rate 9%
$1,282,489
$1.3M
Market Conditions
NOI Build-Up for 5,217 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
$176.5K $33.84/SF
− Vacancy
−$11.7K −$2.23/SF
EGI
$164.9K $31.61/SF
− OpEx
−$49.5K −$9.48/SF
NOI
$115.4K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
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%
$2,308,480
Cap Rate 7%
$1,648,914
Cap Rate 9%
$1,282,489
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,424 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,521 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,778
Businesses Nearby
Balanced
Demand for This Use
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carolina’s Flowers Party Rentals — 12801 s inglewood ave suite b, hawthorne, ca 90250
- Ramos flowers — 12801 S Inglewood Ave, Hawthorne, CA 90250
- Next to Flower Shop — Hawthorne Blvd, Hawthorne, CA 90250
- Flower Delivery Hawthorne — 12853 Hawthorne Blvd, Hawthorne, CA 90250
- Angel Flowers — 12861 Hawthorne Blvd, Hawthorne, CA 90250
Frequently Asked Questions
What type of property is this?
Storefront property - Two-parcel retail asset with established restaurant and tax-preparation tenants, rear parking, and access to major South Bay routes.
Where is this storefront property located?
The property is located at 12866 Hawthorne Boulevard Hawthorne, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two buildings totaling approximately 5,217 square feet on 12,153 square feet of land; Two‑parcel configuration with C‑2/C‑2YY zoning; Established tenants include India’s Tandoori Halal Restaurant and Jackson Hewitt
