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11702 Menlo Avenue
Hawthorne, CA 90250


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Property Remarks

Menlo Ten is a thirtysomething multifamily asset with no rent control restrictions, ample parking, and situated in a very strong, housingconstrained Los Angeles submarket (1.2% vacancy factor - REIS, 2018). This excellent ten-unit investment opportunity is in Hawthorne,home to innovators such as Space X and Tesla, where Northrop Grumman was first established. The area is a hub between Core LosAngeles, the Beach Cities and South LA, and a such provides sound investment environment for this quality small size income property.Shopping, restaurants, groceries, parks, and entertainment are situated within half a mile of the property, giving it a "Very Walkable"76 Walk Score~. Year over year rents in this market has advanced for twenty nine consecutive quarters, with an overall increase of 27%in market rents. Thus, in addition to the existing 15% upside in rents, this non-rent controlled asset offers ever increasing

Property Details

MLS#
18320236
Days on Market
45
Year Built
1986
Stories
1
Building/Living Area (sq ft)
6,157
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
North Hawthorne (108)

Presented By:

Listing provided courtesy of C. Wolf Baschung , Keller Williams Realty Downtown LA


Exterior

Garage Spaces
10
Lot Acreage
10
Paved
No
Waterfront
No


Interior

Interior Features
Other

Additional Property Details

Number of Units
10
Parking Spaces
12
Number of Buildings
1
Gross Operating Income
$138,215
Total Expense
$49,889
ADA Compliance
No

AC/Cooling
Other
Heating
Other
Parking
Community Garage
Garage - Two Door

Hawthorne

Known as the “City of Good Neighbors” and Hawthorne has a rich history of being a hub for technology and innovation.  Home to the “Beach Boys” who later went on to sing about nearby Manhattan Beach, Hawthorne offers easy access to LAX and Los Angeles.

Real Estate:  Hawthorne real estate for sale includes many single-family residences including bungalows and ranch-style homes built during the post-war boom. Townhouses, condos and apartments are also available for sale.

Community Life: The Hawthorne Del Aire Farmers Market takes place on Saturdays from 9 a.m. to 1 p.m. in the parking lot of the Da Vinci Charter School. The Hawthorne Memorial Park includes ball fields, basketball and tennis courts, a wading pool and picnic area.  Other parks include Eucalyptus Park, Holly Park, and Jim Thorpe Park.

Education:  Hawthorne is served by the Hawthorne School District and has seven elementary schools, three middle schools and a charter high school, Hawthorne Mathematics and Science Academy. Local private schools include Hawthorne Academy and St. Joseph’s Catholic School.

Transportation: Hawthorne is easily reached by the 405, 110, and 105 freeways. It is also served by several local bus routes.

Local Attractions: The Beach Boys are honored with a local monument denoting their childhood home. 

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