11702 MENLO Avenue

Hawthorne, CA 90250

  • beds
  • 0 baths
  • sq ft
  • 0.19 acres lot

$1,995,000

  • Active Under Contract
  • MLS 18320236

PROPERTY DESCRIPTION

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

PRESENTED BY

C. Wolf Baschung with Keller Williams Realty Downtow

Essential Information

  • MLS #
    18320236
  • Square Foot
    N/A
  • Days On Market
    44
  • Full Bathrooms
    N/A
  • Co-list Agent First Name
    Brian
  • Property Type
    N/A
  • Levels
    N/A
  • Status
    Active
  • Half Bathrooms
    N/A
  • Co-list Agent Last Name
    Noh
  • Year Built
    1986
  • Price
    $1,995,000
  • Bedrooms
    N/A
  • Lot Features
    N/A

Interior Details

  • Interior Features
    N/A
  • Flooring
    N/A
  • Water Source
    N/A
  • Utilities
    N/A
  • Kitchen Features
    N/A
  • Laundry
    See Remarks
  • Bathroom Features
    N/A

Exterior Details

  • Exterior Features
    N/A
  • Patio
    N/A
  • Roof
    N/A
  • Foundation Details
    N/A
  • Fence
    N/A
  • Patio And Porch Features
    N/A
  • Sprinklers
    N/A
  • ConstructionMaterials
    N/A

Amenities

  • Cooling Type
    See Remarks
  • Fireplace Features
    N/A
  • Parking Features
    Community Garage,Garage - Two Door
  • Private Pool
    N/A
  • Waterfront Features
    N/A
  • Heating
    N/A
  • Laundry
    Yes
  • Parking Spaces
    12
  • Pool Features
    N/A
  • Security Features
    N/A
  • Fireplace
    N/A
  • Laundry Features
    See Remarks
  • Garage Spaces
    12.00
  • View
    N/A

Home Owners Association

  • Association
    N/A
  • Association Name
    N/A
  • Association Fee
    N/A
  • Fee Frequency
    N/A
  • Association Amenities
    N/A

Community Information

  • City
    Hawthorne
  • State Code
    CA
  • Neighborhood
    N/A
  • Subdivision Name
    N/A
  • County
    Los Angeles
  • Zip
    90250
  • CommunityFeatures
    N/A
  • School District
    N/A

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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.


This content last updated on 04/20/2018 03:15PM. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.