27
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$1,500,000
Est. payment /mo
8 Beds
6 Baths
4,780 SqFt
Pending
11537 Birch Ave Hawthorne, CA 90250
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,780 sqft
Price per Sqft $313
MLS Listing ID SB-25254299
Bedrooms 8
Full Baths 6
Year Built 1960
Lot Size 7,281 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
This 4-unit apartment building at 11537 Birch Ave presents a compelling investment opportunity in the growing Hawthorne rental market. Situated on a 7,279 SF lot with 4,780 rentable square feet, the property features a well-balanced unit mix, including (1) 3-Bed/2-Bath, (2) 1-Bed/1-Bath, and (1) detached 3-Bed/2-Bath home, creating an attractive option for both investors and owner-users.
At current operations, the building produces a 4.87% CAP rate, priced at $375,000 per unit and $313.81 per square foot, with a 12.92 GRM. With market rents projected at $127,200 annually versus the current $116,090, investors can achieve a pro forma market CAP rate of 5.42% and a market GRM of 11.79.
Unit D has been newly renovated from top to bottom. The unit features a brand-new modern kitchen with sleek cabinetry and quartz-style countertops. Complemented by new flooring throughout, reglazed bathrooms, and fresh interior paint. The result is a bright, contemporary living space that commands top-of-market rent and immediately impresses prospective tenants. With all the work already done, this turnkey unit provides an investor or owner-user with instant value and long-term durability.
Additional features include (2) private two-car garages and immediate lease-up potential and flexibility for a new owner. Investors may also explore long-term upside through ADU development or potential SB9 lot split/additional units (buyer to verify).
Centrally located in Hawthorne, the property benefits from proximity to major employment hubs and convenient freeway access, ensuring strong rental demand and long-term appreciation potential.
At current operations, the building produces a 4.87% CAP rate, priced at $375,000 per unit and $313.81 per square foot, with a 12.92 GRM. With market rents projected at $127,200 annually versus the current $116,090, investors can achieve a pro forma market CAP rate of 5.42% and a market GRM of 11.79.
Unit D has been newly renovated from top to bottom. The unit features a brand-new modern kitchen with sleek cabinetry and quartz-style countertops. Complemented by new flooring throughout, reglazed bathrooms, and fresh interior paint. The result is a bright, contemporary living space that commands top-of-market rent and immediately impresses prospective tenants. With all the work already done, this turnkey unit provides an investor or owner-user with instant value and long-term durability.
Additional features include (2) private two-car garages and immediate lease-up potential and flexibility for a new owner. Investors may also explore long-term upside through ADU development or potential SB9 lot split/additional units (buyer to verify).
Centrally located in Hawthorne, the property benefits from proximity to major employment hubs and convenient freeway access, ensuring strong rental demand and long-term appreciation potential.
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Interior
Cooling None
Fireplaces Type Living Room
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Garage Spaces 4.0
Pool None
Community Features Biking
View Y/N Yes
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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