Multifamily Apartment Building on 0.44
For Sale
$2,326,000
13632 -36 Cerise Avenue, Hawthorne, CA 90250
Six-unit multifamily property near major highways and transit, with potential for higher-density development on 0.44 acres.
Property Size4,920 SF
Lot Size0.44 Acres
Price / SF$472.76
Days on Market146
Property Features for 13632 -36 Cerise Avenue
General Information
Standard status
Active
Size
4,920 SF
Lot size
0.44 Acres
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
6
Building Details
Year Built
1959
Listing Agency:
Trimax Realty,Inc.
Listed By:
Fred Nabati
(714) 497-3550
Source:
Sevengables
Added: Apr 24
Changed: Sep 15
Last Checked: Sep 16 at 7:32PM
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 Trimax Realty,Inc.
Investment Insights
Based on property information with market context.
Multifamily apartment building featuring six units, originally built in 1959. The property includes regular tenancy leases, supporting stable occupancy. An investor may be able to increase rents on three of the six units, or pursue an alternative strategy to sell each unit individually.
Set on 0.44 acres in the transitional Hawthorne area, the building is described as being near major highways, public transportation, schools, and shopping centers. The surrounding market is presented as having strong demand for housing, with historically low vacancy tied to the location and well-maintained units.
With 4,920 SF of property size, the parcel may also offer potential for higher-density development, subject to review with the City of Hawthorne and your preferred professionals.
Set on 0.44 acres in the transitional Hawthorne area, the building is described as being near major highways, public transportation, schools, and shopping centers. The surrounding market is presented as having strong demand for housing, with historically low vacancy tied to the location and well-maintained units.
With 4,920 SF of property size, the parcel may also offer potential for higher-density development, subject to review with the City of Hawthorne and your preferred professionals.
Key Highlights
- Six‑unit multifamily building with regular tenancy leases
- 0.44‑acre land parcel with potential for higher‑density development
- Potential to increase rents on three of the six 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
$79,167
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
3.40%
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%
$1,583,340
$1.6M
Cap Rate 7%
$1,130,957
$1.1M
Cap Rate 9%
$879,633
$879.6K
Market Conditions
NOI Build-Up for 4,920 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
$156.5K $31.80/SF
− Vacancy
−$12.5K −$2.54/SF
EGI
$143.9K $29.26/SF
− OpEx
−$64.8K −$13.17/SF
NOI
$79.2K $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 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%
$1,583,340
Cap Rate 7%
$1,130,957
Cap Rate 9%
$879,633
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$989.6K – $1.32M
NOI $79,167 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,390 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,238
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property near major highways and transit, with potential for higher-density development on 0.44 acres.
Where is this apartment building located?
The property is located at 13632 -36 Cerise Avenue Hawthorne, CA.
What is the asking price?
The asking price for this property is $2,326,000.
What are key features of this property?
This property features: Six‑unit multifamily building with regular tenancy leases; 0.44‑acre land parcel with potential for higher‑density development; Potential to increase rents on three of the six units
