Hawthorne, CA 90250
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
C. Wolf Baschung with Keller Williams Realty Downtow
2018 Villa Real Estate. All rights reserved. © Collaborative Home Search by RealSavvy
Based on information from California Regional Multiple Listing Service, Inc. as of [SEE DATE BELOW] and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.