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11703 Truro Avenue, Hawthorne, CA 90250$2,845,000

4
beds
3
baths
8208
ft2
· 9981
ft2 lot
$347 / ft2

Listing provided courtesy of Jonathan Nikfarjam, Shield CRE, Inc.
Source CRMLS;
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Highly Desirable Hawthorne Location - West of Hawthorne Boulevard | 1987 Construction | Significant Value-Add Potential - Approximately 38% in Rental Upside | 7.38% Pro-Forma Cap Rate & 10.31 Pro-Forma GRM | No Local Rent Control - Defaults to AB 1482 | Approximately 1.5 Miles to SpaceX and El Segundo & 2 Miles to SoFi Stadium | Outstanding Unit Mix of (Two) 3-Bed/2-Bath Townhouse Units and (Eight) 1-Bed/1-Bath Plus Loft Units | Large 9,981-Square Foot Lot | Eighteen Covered Parking Spaces & an On-Site Laundry Facility | 4.82% Current CAP Rate & 14.22 Current GRM | Strong Neighboring Employment: Space X, Tesla, & Aerospace Defense Companies

HOA

No HOA

On market

3 months

Year built

1987

Property type

Multi-Family

Parking

18

MLS

22199165

Price / Sq.Ft.

$347 / ft2

Status

Active Under Contract

Buyer’s Brokerage Commission

2%

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Home details for 11703 Truro Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Community, Individual Room
•   
Laundry: 1
Interior Size
•   
Building Area Total: 8208.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage, Covered
•   
Garage Spaces: 4.00
Building Info
•   
Zoning: HAR3YY
•   
Stories Total: 2
•   
Year Built Source: Estimated
Lot Info
•   
Lot Size Source: Estimated
•   
Lot Size Acres: 0.2291
•   
Lot Size Area: 9981.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 10
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 10
•   
Number Of Separate Gas Meters: 10
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 192038.00
•   
Vacancy Allowance Rate: 0.00
•   
Cap Rate: 4.82
•   
Total Expenses: 54905.00
•   
Gross Multiplier: 14.22
•   
Taxes Percent: 1.25
Tax/Assessment Info
•   
Gross Income: 200040.00
Lease Info
•   
Net Operating Income: 137134.00
Listing Info
•   
Status: Active Under Contract
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1478.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 8
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 11824.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2423.00
•   
Unit 1 Total Rent: 4846.00
Multi Unit Information
•   
# Of Units: 2
•   
Price Per Unit: 284500
School Neighborhood & Directions
School Info
•   
Directions: West of Hawthorne Boulevard, South of Imperial Highway, East of Inglewood Avenue, North of 118th Street
Other
Calculation
•   
Dom: 62

Neighborhood snapshot

29
Properties for sale
9
Median days on market
$573.48
Median sold price/sqft
102.23%
Sold/List %
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Property History for 11703 Truro Avenue

10/31/2022
10/31/2022
CRMLS #22199165
active
CRMLS #22199165
$2,845,000
--11.09%
09/27/2022
09/27/2022
CRMLS #22199165
active
CRMLS #22199165
$3,200,000
--7.25%
09/13/2022
09/13/2022
CRMLS #22199165
active
CRMLS #22199165
$3,450,000

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