7-Unit Apartment
For Sale
$2,000,000
4834 W 118th Place, Hawthorne, CA 90250
Apartment property with one-, two-, and three-bedroom floor plans, shared laundry, carports, and private garages.
Property Size7,153 SF
Price / SF$279.60
Days on Market11
Property Features for 4834 W 118th Place
General Information
Standard status
Active
Size
7,153 SF
Total Parking Spaces
9
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
7
Amenities
common area laundry room
Building Details
Building Size
7,153 SF
Year Built
1967
Listing Agency:
ADW Management USA, Inc.
Listed By:
Mariko Artis · License #02062257
Source:
Velocityrealtysd
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 23 at 8:26AM
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 ADW Management USA, Inc.
Investment Insights
Based on property information with market context.
This 7-unit apartment property contains 7,153 square feet and was built in 1967. The unit mix includes one-, two-, and three-bedroom floor plans. A front unit features private laundry hookups adjacent to the kitchen, while the rear residence is configured in a townhouse style. Residents also have access to a common laundry room, 7 covered carport parking spots, and 2 private garages.
The property is located in Hawthorne at 4834 W 118th Place, with access to the 405 and 105 freeways. Los Angeles International Airport, the South Bay Beach Cities, entertainment venues in Inglewood, neighborhood services, and restaurants are also identified in the surrounding area.
The property is located in Hawthorne at 4834 W 118th Place, with access to the 405 and 105 freeways. Los Angeles International Airport, the South Bay Beach Cities, entertainment venues in Inglewood, neighborhood services, and restaurants are also identified in the surrounding area.
Key Highlights
- 7‑unit apartment property totaling 7,153 square feet
- Unit mix includes one-, two-, and three‑bedroom floor plans
- Front unit includes private laundry hookups beside the kitchen
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
$115,097
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
5.75%
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%
$2,301,940
$2.3M
Cap Rate 7%
$1,644,243
$1.6M
Cap Rate 9%
$1,278,856
$1.3M
Market Conditions
NOI Build-Up for 7,153 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
$227.5K $31.80/SF
− Vacancy
−$18.2K −$2.54/SF
EGI
$209.3K $29.26/SF
− OpEx
−$94.2K −$13.17/SF
NOI
$115.1K $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%
$2,301,940
Cap Rate 7%
$1,644,243
Cap Rate 9%
$1,278,856
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.44M – $1.92M
NOI $115,097 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,078 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,315
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 - Apartment property with one-, two-, and three-bedroom floor plans, shared laundry, carports, and private garages.
Where is this apartment building located?
The property is located at 4834 W 118th Place Hawthorne, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 7‑unit apartment property totaling 7,153 square feet; Unit mix includes one-, two-, and three‑bedroom floor plans; Front unit includes private laundry hookups beside the kitchen
