113-Unit Apartment
New
For Sale
$45,000,000
14105 Chadron Ave, Hawthorne, CA 90250
More than three-quarters of the residences have two or three bedrooms, and every unit includes a balcony or patio.
Property Size138,504 SF
Days on Market6
Property Features for 14105 Chadron Ave
General Information
Standard status
Active
Size
138,504 SF
Property subtype
Multifamily
Occupancy
70%
Additional Details
Multifamily Units
113
Amenities
tankless water heaters
balconies/patios
wrap-around patios
high ceilings
100% non-rent control–2016 construction / Approximately 92.5% rental upside / 6.65% proforma CAP rate and $324.90 per building sq. ft. / Value-add investment with ample space to develop multiple ADUs
76% 2 & 3-bedroom units range from 1,035 to 1,307 sq. ft. / Units have 10- to 15-foot-high ceilings, skyline views, & luxury amenities / Central A/C, refrigerators, dishwashers, stoves/oven, microwave
All units have balconies or patios - some wrap-around patios at 300 sq. ft. / Individually metered utilities, RUBs program in place / Units have on-demand tankless water heaters / Prop. equip w/ solar
2:1 parking ratio, 227 parking spaces with room to add more parking spaces / 1,260 sq. ft. recreation room, three 425 sq. ft. interior lounges, and 685 sq. ft. fitness room / 6 laundry rooms, 24 laundry machines, landlord owned / Spacious lobby and 446 sq. ft. leasing office / Gated entry, elevator, and security patrol
Building Details
Building Size
138,504 SF
Year Built
2016
Buildings
1
Units
113
Listed By:
Aaron Fierstein · License #License(s): CA: 01271183, CA: 01271183
(310) 909-5477
Source:
Marcusmillichap
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 4:43PM
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 Aaron Fierstein
Investment Insights
Based on property information with market context.
Completed in 2016, this 113-unit apartment property in Hawthorne includes a predominantly two- and three-bedroom unit mix. Those layouts account for more than 75% of the apartments and range from 1,035 to 1,307 square feet, with ceiling heights of 10 to 15 feet. Each unit has a balcony or patio; select homes feature wrap-around patios of approximately 300 square feet. Energy-conscious features include tankless water heaters. The property is not subject to rent control.
The property is in Hawthorne, in Los Angeles County’s South Bay. SpaceX, the Tesla Design Center, and Archer Aviation’s planned electric air taxi network are identified in the surrounding-area information.
The property is in Hawthorne, in Los Angeles County’s South Bay. SpaceX, the Tesla Design Center, and Archer Aviation’s planned electric air taxi network are identified in the surrounding-area information.
Key Highlights
- 113 apartment units; completed in 2016
- More than 75% of units have two or three bedrooms
- Two- and three‑bedroom units range from 1,035 to 1,307 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,228,640
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,572,800
$44.6M
Cap Rate 7%
$31,837,714
$31.8M
Cap Rate 9%
$24,762,667
$24.8M
Market Conditions
NOI Build-Up for 138,504 SF
Gross rent
$4.40M $31.80/SF
− Vacancy
−$352.4K −$2.54/SF
EGI
$4.05M $29.26/SF
− OpEx
−$1.82M −$13.17/SF
NOI
$2.23M $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%
$44,572,800
Cap Rate 7%
$31,837,714
Cap Rate 9%
$24,762,667
Alternative Uses
Best Use
Apartment 5plus
$31.84M
$27.86M – $37.14M
NOI $2,228,640 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$74.15M
$64.89M – $86.51M
NOI $5,190,815 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
113
Residential units
Location Intelligence
Trade Area within ½ mile
1,150
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
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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 - More than three-quarters of the residences have two or three bedrooms, and every unit includes a balcony or patio.
Where is this apartment building located?
The property is located at 14105 Chadron Ave Hawthorne, CA.
What is the asking price?
The asking price for this property is $45,000,000.
What are key features of this property?
This property features: 113 apartment units; completed in 2016; More than 75% of units have two or three bedrooms; Two- and three‑bedroom units range from 1,035 to 1,307 square feet
