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11626 Menlo Avenue, Hawthorne, CA 90250
9
beds
6
baths
4749
ft2
· 6576
ft2 lot
$1,340,000
$282 / ft2
Listing provided courtesy of Brian Estes, Re/Max Commercial & Investment.
Source CRMLS.
LOWEST $/SQ FT IN HAWTHORNE! 11626 Menlo Ave is a HUGE 4 unit property. There are no vacant units and rents are easily 30%+ below market. There is some deferred maintenance mostly cosmetic and due to long term tenancy. It’s a perfect value add opportunity for a buyer willing to complete work which would require pulling permits and take at least 30 days to complete which would then allow the units to be vacated, renovated and leased up at full market rent. Excellent unit mix consisting of 2-3BR/2BA, 1-2BR/1BA and 1-1BR/1BA. All units are large and average well over 1,000 square feet each. One of the 3BR is located in the front of the property and has a fireplace. The other 3BR is located in the rear of the property, has a large sundeck and is occupied by a Section 8 tenant. The 2BR is also occupied by a Section 8 tenant. All units are separately metered for utilities which keeps operating expenses low. The roof was replaced approx 16 years ago and appears to be in good condition. The plumbing is galvanized. There is ample onsite parking and all units have washer/dryer hookups which is a great amenity at this time. It’s strategically located close to freeways, major employers, SOFI Stadium and LAX. Priced at only $291/sq ft it’s the perfect opportunity for an astute investor to create significant value through sweat equity.
HOA
$—/month
On market
3 months
Year built
1960
Property type
Multi-Family
Parking
4
MLS
SB21002116
Price / Sq.Ft.
$282 / ft2
Status
Active Under Contract
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Flyhomes Cash Offer
Based on a price of $1,340,000
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Negotiating Power:
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Best
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$6,700
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$4,994
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$4,994
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Gas & Electric Dryer Hookup
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 4749.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: HAR3YY
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Level
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1510
•   
Lot Size Area: 6576.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 65621.00
•   
Water Sewer Expense: 0.00
•   
Vacancy Allowance Rate: 3.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Total Expenses: 25975.00
•   
Gross Scheduled Income: 66960.00
•   
Operating Expense: 25975.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 66960.00
•   
Tax Year: 2020
•   
Taxes: 3351.0
Lease Info
•   
Net Operating Income: 39646.00
Listing Info
•   
Status: Active Under Contract
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1285.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1285.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1500.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1500.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1795.00
•   
Unit 1 Total Rent: 1795.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1000.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1000.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 4
School Neighborhood & Directions
Location
•   
Community Features: Suburban
School Info
•   
Directions: South of Imperial and East of Hawthorne Blvd
Other
Calculation
•   
Dom: 94
•   
Cdom: 189
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 16, 2021 8:20am
Neighborhood snapshot
59
Properties for sale
8
Median days on market
$558.06
Median sold price/sqft
101.76%
Sold/List %
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Property History
02/03/2021
02/03/2021
CRMLS #SB21002116
active
CRMLS #SB21002116
$1,340,000
--3.25%
01/05/2021
01/05/2021
CRMLS #SB21002116
active
CRMLS #SB21002116
$1,385,000
09/21/2020
09/21/2020
CRMLS #SB20149019
active
CRMLS #SB20149019
$1,385,000
--6.73%
07/27/2020
07/27/2020
CRMLS #SB20149019
active
CRMLS #SB20149019
$1,485,000
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