Multifamily Apartment Building on 0.44
For Sale
$2,499,500
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$508.03
Days on Market88
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: May 5
Changed: Jul 30
Last Checked: Jul 30 at 7:55PM
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 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 | $156.5k | $31.80 |
| − Vacancy | −$12.5k | −$2.54 |
| EGI | $143.9k | $29.26 |
| − OpEx | −$64.8k | −$13.17 |
| NOI | $79.2k | $16.09 |
4,920 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$989.6K – $1.32M
NOI $79,167 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,390 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
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 - 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 $2,499,500.
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
