11523 Menlo Ave A Hawthorne, CA 90250-2537

This exceptional 5-unit apartment building, located at 11523 Menlo Ave in Hawthorne, CA, presents a compelling investment opportunity. The property boasts a total of 5,484 square feet on a 6,955 square foot lot, featuring a mix of unit sizes: one one-bedroom/one-bathroom unit, two two-bedroom/one-and-three-quarter-bathroom units, and two rare four-bedroom/one-and-three-quarter-bathroom units. Two of the four-bedroom units include in-unit laundry hookups and fireplaces. Built in 1963, this two-story building offers six parking spaces, on-site leased laundry facilities, and a community roof deck. Significant capital improvements exceeding $100,000 were completed in 2022 and 2023, including a complete renovation of units B and E (2023) and replacement of the central water heater and majority of the sewer line (2022). The property is zoned HA R3YY and benefits from a strong rental market with built-in upside potential, no local rent control, and is subject to AB 1482. Its prime location offers easy access to major freeways (I-105 and I-405), LAX, South Bay beaches, and thriving commercial centers, including SpaceX, Tesla, Amazon, and Ring headquarters, as well as the Hollywood Park development, SoFi Stadium, YouTube Theater, and Intuit Dome. The asking price is $1,450,000, representing a price per unit of $290,000 and a cap rate of 5.32%. This is a rare opportunity to acquire a well-maintained multifamily property in a high-demand area with substantial upside potential. The property's APN is 4047-002-021.