Listed by Morgan Skenderian Investment Real Estate Group
$1,895,000
11966 Oxford Avenue
Details
APN 4047023004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,314
Net Rentable (SqFt) 6,314
Units 7
Cap Rate 4.34%
NOI $82,309
Tenancy Multi
Pro-Forma Cap Rate 7.40%
Pro-Forma NOI $140,218
Price per SqFt $300
Year Built 1962
Buildings 1
Stories 2
Acreage 0.201
Zoning Public Rec
Parking Spaces 7 spaces
Parking Per SqFt 1.11
Investment Type Value Add
Multifamily | 7 Units | $270,714/unit
Marketing description
This 7-unit multifamily property located in Hawthorne presents a compelling value-add investment opportunity in a supply-constrained South Bay rental market. Built in 1962 and encompassing 6,314 square feet of rentable space on an 8,741 square foot lot, the asset features a well-balanced unit mix of (2) one-bedroom/one-bath units, (4) twobedroom/one-bath units, and (1) three-bedroom/two-bath unit. The property benefits from 7 covered carport parking spaces and an on-site laundry facility that generates additional income. Significant infrastructure improvements have already been completed, including updated copper plumbing, newer sewer line, and upgraded electrical panels, reducing near-term capital exposure and providing a strong foundation for future renovation efforts. With approximately 44% rental upside, the asset offers investors the ability to enhance cash flow through interior upgrades and strategic lease repositioning. This is an attractive opportunity to acquire a well-located multifamily asset with existing operational stability and substantial upside potential through value-add execution.
Investment highlights
- Strong Unit Mix Consisting of One, Two and Three Bedroom Units
- New Electrical Panels
- Updated Copper Plumbing and Newer Sewer Line
- Projected 44% in Rental Upside; 8.5% Cash-On-Cash Return on Market Rents
- High Demand Rental Location for Affordable Units
Listing Contacts
Listed by Morgan Skenderian Investment Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,309.00
$6,859.08/mo
Valuation Metrics
0
DSCR
4.34%
Cap Rate
4.34%
ROI
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