4739 118Th St Hawthorne, CA 90250
- Commercial real estate
- 6,255 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4739 118Th St
- Year built
- 1962
- Property size
- 6,255 SF
- Property type
- Commercial real estate
- APN
- 4044-004-023
Description
This exceptional 4-unit apartment building in Hawthorne, CA presents a compelling investment opportunity. Located at 4739 W 118th St, this property boasts 6,255 square feet on a 6,255 square foot lot, with a total of 3,492 square feet of net rentable space. The building, constructed in 1962, features a desirable unit mix: one 3-bedroom/2-bathroom unit and three 2-bedroom/1-bathroom units. Each unit includes a private garage space, plus an additional tandem parking space is available. On-site laundry facilities add convenience for residents. Individual gas and electric meters are installed. The property is zoned HAR3YY and offers significant upside potential with nearly 40% potential rent increases. The current NOI is $49,148, with a pro-forma NOI of $87,905, resulting in a 3.80% cap rate and a pro-forma cap rate of 6.79%. The asking price is $1,295,000, or $323,750 per unit. One unit is currently vacant and move-in ready. The property's prime location near major employers like Boeing, SpaceX, and Northrop Grumman, along with its proximity to SoFi Stadium and the Intuit Dome (2028 Olympics opening ceremonies site), enhances its appeal. The garages offer potential for conversion into Accessory Dwelling Units (ADUs), further increasing value. This is a rare opportunity to acquire a well-maintained multifamily property with substantial growth potential in a highly desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hawthorne
- County
- Los Angeles
- State
- California
- Longitude
- -118.36019083617
- Latitude
- 33.927553182317
