Skip To Content
    Return to Previous Page

    11626 Menlo Avenue

    Hawthorne, CA 90250
    • $1,340,000
    • STATUS: Active Under Contract
    • ON SITE: 54 days
    • ID#: SB21002116
    Under Contract
    UPDATED: 13 min ago
    $1,340,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,749
      SQFT
    • $282
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    LOWEST $/SQ FT IN HAWTHORNE! 11626 Menlo Ave is a HUGE 4 unit property. There are no vacant units and rents are easily 30%+ below market. There is some deferred maintenance mostly cosmetic and due to long term tenancy. It+GGs a perfect value add opportunity for a buyer willing to complete work which would require pulling permits and take at least 30 days to complete which would then allow the units to be vacated, renovated and leased up at full market rent. Excellent unit mix consisting of 2-3BR/2BA, 1-2BR/1BA and 1-1BR/1BA. All units are large and average well over 1,000 square feet each. One of the 3BR is located in the front of the property and has a fireplace. The other 3BR is located in the rear of the property, has a large sundeck and is occupied by a Section 8 tenant. The 2BR is also occupied by a Section 8 tenant. All units are separately metered for utilities which keeps operating expenses low. The roof was replaced approx 16 years ago and appears to be in good condition. The plumbing is galvanized. There is ample onsite parking and all units have washer/dryer hookups which is a great amenity at this time. It+GGs strategically located close to freeways, major employers, SOFI Stadium and LAX. Priced at only $291/sq ft it+GGs the perfect opportunity for an astute investor to create significant value through sweat equity.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T16:32:26.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | eXp Realty of California Inc. Licensed in the State of California, USA.

    www.searchcaliforniahomes.net/homes/113021819
    Print Image

    11626 Menlo Avenue Hawthorne, CA 90250

    • Price: $1,340,000
    • Status: Active Under Contract
    • Updated: 13 min ago
    • ID#: SB21002116
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,749
    SQFT
    $282
    $/SQFT
    1960
    Built
    Neighborhood:
    108 - North Hawthorne
    County:
    Los Angeles
    Area:
    108 - North Hawthorne
    Property Description
    LOWEST $/SQ FT IN HAWTHORNE! 11626 Menlo Ave is a HUGE 4 unit property. There are no vacant units and rents are easily 30%+ below market. There is some deferred maintenance mostly cosmetic and due to long term tenancy. It+GGs a perfect value add opportunity for a buyer willing to complete work which would require pulling permits and take at least 30 days to complete which would then allow the units to be vacated, renovated and leased up at full market rent. Excellent unit mix consisting of 2-3BR/2BA, 1-2BR/1BA and 1-1BR/1BA. All units are large and average well over 1,000 square feet each. One of the 3BR is located in the front of the property and has a fireplace. The other 3BR is located in the rear of the property, has a large sundeck and is occupied by a Section 8 tenant. The 2BR is also occupied by a Section 8 tenant. All units are separately metered for utilities which keeps operating expenses low. The roof was replaced approx 16 years ago and appears to be in good condition. The plumbing is galvanized. There is ample onsite parking and all units have washer/dryer hookups which is a great amenity at this time. It+GGs strategically located close to freeways, major employers, SOFI Stadium and LAX. Priced at only $291/sq ft it+GGs the perfect opportunity for an astute investor to create significant value through sweat equity.
    Exterior Features

    Garage Spaces 4.00 Lot Features Level Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Gas & Electric Dryer Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 66960.00 Gross Operating Income 65621.00 Gross Scheduled Income 66960.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 39646.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 25975.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 25975.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Har3yy

    Listing provided courtesy of Brian Estes of Re/Max Commercial & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-01T16:32:26.227. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | eXp Realty of California Inc. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365080933-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365080933-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365080933-1.jpg
    Logo
    Cory Home Team | eXp Realty of California Inc
    41951 Remington Ave., Ste 260
    Temecula CA, 92590