14-Unit Apartment
New
For Sale
$3,100,000
4047 W 136th St, Hawthorne, CA 90250
Gated multifamily property with on-site laundry and secured covered parking.
Property Size9,652 SF
Days on Market5
Property Features for 4047 W 136th St
General Information
Standard status
Active
Size
9,652 SF
Property subtype
Multifamily
Occupancy
100%
Amenities
Newer Construction — Built in 1972 Compared to City's Older Buildings
Upside — Through Increases Rents To Market and Billing Back Utilities
Strong CurbAppeal — Charming Building That Commands Top Rents
The Deal Makes Sense — Attractive Current Income and Pricing Metrics
15 Secured Parking Spots — Covered Parking With Security Gate Access
Building Details
Building Size
9,652 SF
Units
14
Listing Agency:
(424) 405-3855
Listed By:
Jon Weir · License #License(s): CA: 02038545
(424) 405-3855
Source:
Marcusmillichap
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 31 at 12:51PM
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 Jon Weir
Investment Insights
Based on property information with market context.
This 14-unit apartment property was built in 1972 and includes 11 one-bedroom, one-bathroom apartments along with three non-conforming one-bedroom, one-bathroom units. The property also provides 15 secured covered parking spaces, gated entry, and on-site laundry. Gas and electricity are separately metered, and the building has partial copper plumbing.
The property is in Hawthorne, California, with access to the 405, 105, and 110 freeways, LAX, nearby SoFi Stadium, and major employment centers. Additional operating considerations identified for the asset include future rent adjustments toward market levels and utility bill-backs.
The property is in Hawthorne, California, with access to the 405, 105, and 110 freeways, LAX, nearby SoFi Stadium, and major employment centers. Additional operating considerations identified for the asset include future rent adjustments toward market levels and utility bill-backs.
Key Highlights
- 14 units built in 1972
- Unit mix includes 11 one‑bedroom/one‑bathroom units and three non‑conforming one‑bedroom/one‑bathroom units
- 15 secured covered parking spaces
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
$155,308
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
5.01%
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%
$3,106,160
$3.1M
Cap Rate 7%
$2,218,686
$2.2M
Cap Rate 9%
$1,725,644
$1.7M
Market Conditions
NOI Build-Up for 9,652 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
$306.9K $31.80/SF
− Vacancy
−$24.6K −$2.54/SF
EGI
$282.4K $29.26/SF
− OpEx
−$127.1K −$13.17/SF
NOI
$155.3K $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%
$3,106,160
Cap Rate 7%
$2,218,686
Cap Rate 9%
$1,725,644
Alternative Uses
Best Use
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,308 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.17M
$4.52M – $6.03M
NOI $361,735 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,887
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Gated multifamily property with on-site laundry and secured covered parking.
Where is this apartment building located?
The property is located at 4047 W 136th St Hawthorne, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 14 units built in 1972; Unit mix includes 11 one‑bedroom/one‑bathroom units and three non‑conforming one‑bedroom/one‑bathroom units; 15 secured covered parking spaces
