Two-Residence Duplex
For Sale
$1,199,000
3938 W 119th Place, Hawthorne, CA 90250
Hawthorne, CA
Property Size4,209 SF
Lot Size0.12 Acres
Price / SF$284.87
Days on Market11
Property Features for 3938 W 119th Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Kitchen, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Laundry Room, Bedroom 2
Parking
2
Fireplace
1
Lot features
0-1 Unit/ Acre
Elementary school district
Hawthorne
Middle school district
Hawthorne
High school district
Hawthorne
Directions
Off of 120th St and Prairie Ave
Subdivision
110 - East Hawthorne
Standard status
Active
APN
4048011036
Size
4,209 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
laundry room
Building Details
Year built
2005
Floors in Building
2
Number of units
1
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
(888) 652-1314
Listed By:
Lisa Tahery · License #01800107
(310) 989-3641
Added: Sep 4
Changed: Sep 13
Last Checked: Sep 14 at 7:06AM
MLS# SB26189578
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 4,209-square-foot duplex property, built in 2005, contains two separate residences with individual entrances and access from both 119th Place and 120th Street. The upper home includes 4 bedrooms, 3 full bathrooms, a guest bathroom, a large living area, a kitchen with extensive cabinetry and counter space, and a private laundry room. The lower home provides 2 bedrooms, 2 bathrooms, its own living room, kitchen, laundry room, and substantial storage.
The City has approved conversion of the property to three units, providing an additional approved configuration. The residences have separate addresses and separate gas and electrical services, with a shared water bill. Parking includes a 2-car garage and large driveway at the front residence, plus a 1-car garage and large driveway at the rear residence. Public water and public sewer serve the property.
The City has approved conversion of the property to three units, providing an additional approved configuration. The residences have separate addresses and separate gas and electrical services, with a shared water bill. Parking includes a 2-car garage and large driveway at the front residence, plus a 1-car garage and large driveway at the rear residence. Public water and public sewer serve the property.
Key Highlights
- 4,209 SF duplex property built in 2005
- City‑approved conversion to three units
- Upper residence offers 4 bedrooms, 3 full bathrooms, and a guest bathroom
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
$73,504
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
6.13%
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%
$1,470,080
$1.5M
Cap Rate 7%
$1,050,057
$1.1M
Cap Rate 9%
$816,711
$816.7K
Market Conditions
NOI Build-Up for 4,209 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
$113.6K $27.00/SF
− Vacancy
−$8.6K −$2.05/SF
EGI
$105.0K $24.95/SF
− OpEx
−$31.5K −$7.48/SF
NOI
$73.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /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%
$1,470,080
Cap Rate 7%
$1,050,057
Cap Rate 9%
$816,711
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.8K – $1.23M
NOI $73,504 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$967.5K
$846.6K – $1.13M
NOI $67,726 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,744 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,530
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer flexible occupancy, dedicated laundry rooms, private entrances, and garage parking for each home.
Where is this duplex located?
The property is located at 3938 W 119th Place Hawthorne, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 4,209 SF duplex property built in 2005; City‑approved conversion to three units; Upper residence offers 4 bedrooms, 3 full bathrooms, and a guest bathroom
