JAMICO Properties
Jamison Management Company
Listed by JAMICO Properties, Jamison Management Company
$3,395,000
4823 & 4827 W 118th Place
Details
APN 4141012004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,680
Units 14
Cap Rate 5.8%
NOI $196,962
Occupancy 100%
Tenancy Multi
Price per SqFt $256,786
Class B
Year Built 1987
Buildings 2
Lot Size (SqFt) 12,319
Zoning Assessor
Parking Spaces spaces
Investment Type Stabilized
Multifamily | 14 Units | $242,500/unit
Marketing description
4823 and 4827 W 118th Place is a gated 14-unit multifamily asset located in the heart of Hawthorne, one of the South Bays most resilient rental markets. Built in 1987, the property totals approximately 9,680 square feet on a 12,319 square foot located west of Inglewood Blvd. The unit mix consists primarily of 1 bedroom/1 bath units with two 2 bedroom/1.5 bath townhome style units. Rents are at-to-near market meaning you dont have to spend years catching up to where you ought to be. RUBS was implemented as of April 1, 2026 providing reimbursement for a large portion of some utility bills. SB721 balcony repairs have been completed. Situated minutes from LAX, SpaceX, major South Bay employers, SoFi Stadium, the 105 and 405 freeways, and nearby beaches, this asset bene??ts from strong employment drivers and consistent rental demand. This offering presents a stabilized investment opportunity in a supply constrained, coastal adjacent submarket with continued long term growth potential.
Investment highlights
- Stabilized property built in 1987, offers 5.1% upside in rents
- Current GRM 10.99, Pro Forma GRM 10.19
- Ratio Utility Billing effective April 1, 2026, which will provide approximately $1030 additional income per month.
- SB 721 balcony work completed in June/July 2025.
- 100-gallon water heater replaced in June 2025.
- Carport parking for 22 spaces ensures that residents have a designated parking space, adding convenience and security to their living experience, plus an upside to charge for additional parking spaces.
- Most units have been upgraded with Luxury vinyl plank and modern finishes
- Hawthorne remains one of the more attainable entry points into the South Bay rental market compared to it's nearby beach cities, while still benefiting from their employment and lifestyle drivers
Listing Contacts
JAMICO Properties
Jamison Management Company
Listed by JAMICO Properties, Jamison Management Company
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$196,962.00
$16,413.50/mo
Valuation Metrics
0
DSCR
5.8%
Cap Rate
5.8%
ROI
Map
Zoning
R-3 ResidentialMulti FamilyHigh Density Residential 30 Dwelling Units Per Acre Maximum
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View all 22 uses
View all 22 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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