Bungalow-Style Multifamily
For Sale
$2,326,000
13632 -36 Cerise Ave, Hawthorne, CA 90250
Residential Income, Bungalow, Hawthorne, CA
Property Size4,920 SF
Lot Size0.45 Acres
Price / SF$472.76
Days on Market93
Property Features for 13632 -36 Cerise Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HAR3*
Bedrooms
12
Bathrooms
6
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 9, Bedroom 10, Bathroom 5, Bedroom 12, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 11, Bathroom 2
Parking
6
Parking features
Assigned, Covered
Appliances
Oven, Oven-Gas, Microwave, Cooktop - Gas, Built-In Gas
Lot features
Single Lot, Value In Land
Directions
NORTH OF ROSECRANS AVE., SOUTH OF W. EL SEGUNDO BLVD., WEST OF CRENSHAW BLVD., EAST OF PRAIRIE AVE.
Subdivision
East Hawthorne
Standard status
Active
APN
4052-005-063
Size
4,920 SF
Lot size
0.45 Acres
Building Details
Year built
1959
Floors in Building
1
Number of units
6
Flooring type
Laminate
Roof type
Composition, Shingle
Architectural style
Bungalow
Listing Agency:
Trimax Realty, Inc.
(310) 954-0808
Listed By:
Fred Nabati · License #01276914
(424) 704-3373
Added: May 26
Changed: Aug 19
Last Checked: Aug 26 at 7:06AM
MLS# 26835959
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This bungalow-style multifamily building is set on a 0.4483-acre lot and contains 4,920 square feet. Constructed in 1959, the property features laminate flooring, a shingle/composition roof, and in-unit appliances including oven, oven-gas, microwave, cooktop-gas, and built-in gas. Parking is provided as covered and assigned.
The property comprises six units, with an opportunity to increase rents on three units. The current setup is described as being stabilized through regular tenancy leases, and the property has historically maintained low vacancy rates.
With the lot size at 0.4483 acres, the remarks also note potential for higher-density development pending review of applicable City requirements. Prospective buyers should confirm details with the City of Hawthorne and their advisors.
The property comprises six units, with an opportunity to increase rents on three units. The current setup is described as being stabilized through regular tenancy leases, and the property has historically maintained low vacancy rates.
With the lot size at 0.4483 acres, the remarks also note potential for higher-density development pending review of applicable City requirements. Prospective buyers should confirm details with the City of Hawthorne and their advisors.
Key Highlights
- 0.4483‑acre lot and 4,920 SF multifamily building
- Six units; opportunity to increase rents on three units
- Zoned HAR3*
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
Property Profile
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 - Zoned HAR3* and includes six units, with opportunities to increase rents on three units.
Where is this apartment building located?
The property is located at 13632 -36 Cerise Ave 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: 0.4483‑acre lot and 4,920 SF multifamily building; Six units; opportunity to increase rents on three units; Zoned HAR3*
