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    11626 Menlo Avenue

    Hawthorne, CA 90250
    • $1,385,000
    • STATUS: ACTIVE
    • ON SITE: 21 days
    • ID#: 302993250
    UPDATED: 63 min ago
    $1,385,000
    • 9
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    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. Its 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/1 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. Its 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. Its strategically located close to freeways, major employers, SOFI Stadium and LAX. Priced at only $291/sq ft its the perfect opportunity for an astute investor to create significant value through sweat equity.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/113023800
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    11626 Menlo Avenue Hawthorne, CA 90250

    • Price: $1,385,000
    • Status: ACTIVE
    • Updated: 63 min ago
    • ID#: 302993250
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    Neighborhood:
    Hawthorne (90250)
    County:
    Los Angeles
    Area:
    Hawthorne (90250)
    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. Its 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/1 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. Its 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. Its strategically located close to freeways, major employers, SOFI Stadium and LAX. Priced at only $291/sq ft its the perfect opportunity for an astute investor to create significant value through sweat equity.
    Exterior Features

    Pool N/K

    Interior Features

    Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Annual Expense Actual 25975 Buildings 1 Gross Scheduled Income Actual 66960 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1795.0 Unit2 Rent Actual 1500.0 Unit3 Rent Actual 1285.0 Unit4 Rent Actual 1000.0 Zoning Assessor

    Listing provided courtesy of Re/Max Commercial & Investment. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128