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Listed by Woody Stahl, DRE #01399621 • Lyon Stahl Investment Real Est
$ 1,699,000
Est. payment /mo
New
11626 Cedar AVE Hawthorne, CA 90250
7,661 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26232109
Year Built 1963
Lot Size 7,661 Sqft
Source California Regional MLS
Property Description
11626 Cedar Avenue presents an attractive six-unit multifamily investment opportunity in a desirable pocket of Hawthorne. Offered at $1,699,000, the property features a strong in-place 5.68% CAP rate and 10.45 GRM, with projected market rents supporting a pro forma 7.71% CAP rate and 8.54 GRM. Additionally, five of the six units are eligible for rent increases effective February 1, 2027, potentially increasing the CAP rate to 6.20%. The unit mix consists of four 2-bedroom/1-bath units and two 3-bedroom/2-bath units, providing a desirable combination of spacious floor plans. Built in 1963, the property consists of 5,926 square feet of improvements situated on a 7,661-square-foot lot. Recent capital improvements include updated vinyl windows, a complete roof replacement in 2020, exterior painting in 2022, and deck improvements in 2023. Additionally, one of the 3-bedroom units underwent a complete renovation in 2026, including the installation of an in-unit washer/dryer. The building offers ample on-site parking with six garage spaces and six additional driveway spaces. Current rents offer approximately 23% rental upside based on projected market rents, providing new ownership with an opportunity to increase income over time. Ideally located in Hawthorne, the property provid
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Interior
Laundry Laundry Area
Exterior
Garage Spaces 12.0
Pool None
Building
Water District - Public
Others
Tax ID 4047013007
Special Listing Condition Not Applicable
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