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11962 Manor Drive, Hawthorne, CA 90250
9
beds
4
baths
3084
ft2
· 5852
ft2 lot
$1,495,000
$485 / ft2
Listing provided courtesy of Danielle Whitney Moore, Keller Williams Realty.
Source CRMLS.
Check out this fully renovated and vacant quadruplex perfect for an investor or for an owner-user! This property provides a great investment opportunity with a potential 6% cap rate and 12.16 GRM. You could also live in one unit and rent out the other three units. This two-level building is beautifully remodeled with permits and is like new from top to bottom, including a brand new roof, windows, plumbing, HVAC, and electrical systems. There are two 3-bedroom units, one 2-bedroom unit, and a one-bedroom unit. Each of the units are roomy and spacious with interior laundry, mini-split AC systems, and their own parking spot in the detached carport. The sunny and bright kitchens are elegantly remodeled with quartz counter tops, flat-panel cabinets, and sparkling stainless steel appliances. Don’t miss the renovated bathrooms with modern finishes, floating vanities, ceiling fans, mirrored closet doors, recessed lighting, and lovely laminate floors. This is your opportunity to own an investment property that can obtain premium rents minutes away from the beach in the city of Hawthorne, which is also the home of Tesla. The price and terms for this building can’t be beat!
HOA
$—/month
On market
10 months
Year built
1957
Property type
Multi-Family
Parking
4
MLS
SB20119579
Price / Sq.Ft.
$485 / ft2
Status
Active Under Contract
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Based on a price of $1,495,000
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Negotiating Power:
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+$291/day
$0
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$7,475
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$7,475
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$5,630
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$5,630
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Gas Dryer Hookup, Inside, Washer 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
Heating & Cooling
•   
Has Heating
•   
Heating Details: See Remarks
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 3084.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Assigned, Detached Carport
•   
Garage Spaces: 0.00
•   
Carport Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: HAR3YY
•   
Lot Features: Level with Street, Utilities - Overhead
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1343
•   
Lot Size Area: 5852.0000
•   
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
•   
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
•   
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: 119252.00
•   
Water Sewer Expense: 0.00
•   
Other Expense Description: Utility
•   
Other Expense: 2800.00
•   
Vacancy Allowance Rate: 3.00
•   
Maintenance Expense: 1000.00
•   
Pest Control Expense: 400.00
•   
Cap Rate: 6.03
•   
Total Actual Rent: 1895.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 17940.00
•   
Insurance Expense: 1388.00
•   
Vacancy Allowance: 3688
•   
Professional Management Expense: 4918.00
•   
Total Expenses: 29046.00
•   
Gross Scheduled Income: 122940.00
•   
Tax Block: T
•   
Operating Expense: 29046.00
•   
Gardener Expense: 600.00
•   
Gross Multiplier: 12.16
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 122940.00
•   
Tax Year: 2020
•   
Taxes: 10336.0
Lease Info
•   
Net Operating Income: 90206.00
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: 0.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 0.00
Unit 2 Information
•   
Unit 2 Actual Rent: 0.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 0.00
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: 1
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1895.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1895.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 4
•   
Number Of Units Leased: 1
•   
Price Per Unit: 373750
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks, Urban
•   
Directions: Go north on Inglewood Avenue. Make a right (east) on 120th Street. Make a left (north) on Manor Drive.
Other
Calculation
•   
Dom: 32
•   
Cdom: 32
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 6:20am
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
08/27/2020
08/27/2020
Public Record
sold
Public Record
$1,550,000
+3.68%
06/20/2020
06/20/2020
CRMLS #SB20119579
active
CRMLS #SB20119579
$1,495,000
+87.11%
07/15/2019
07/15/2019
CRMLS #PV19141586
sold
CRMLS #PV19141586
$799,000
+6.53%
07/14/2019
07/14/2019
Public Record
sold
Public Record
$750,000
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