NOT LISTED FOR SALE

11626 Cedar Ave Hawthorne, CA 90250

8 Beds
5 Baths
5,926 Sq Ft
7,659 Sq Ft Lot

Last Sold January 31, 2020

Last sale price $1,533,750 $259 Per Sq Ft

40 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Rectangular Lot

About This Home

As of January 2020

6 Unit in Hawthorne west of Prairie Ave. Property is an all Electric building with all copper plumbing.
Rents are the rents that will be in effect in January 2020. Current rents are $8,600/mo.
Each of The front two 2 bedroom units each have a deck.
The 3 bedroom units are 2 story townhouse style units. They have 1.5 bathrooms down stairs and 1/2 bathroom upstairs.
Each of the 2 bedroom units have 1.5 bathrooms.
Over 25% in rental upside. 12.1 GRM at Market rents.
Located 2 miles from new LA Rams Stadium

Last Agent to Sell the Property

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 11/14/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Woody Stahl

CRMLS Member Transfer License #01399621

CRMLS Member Transfer

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,659 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Density is 11-15 Units/Acre

Parking

  • 6 Car Garage

Interior Spaces

  • 5,926 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 161
  • Assessor Parcel Number 4047013007

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,100
  • Fuel Expense $365
  • Insurance Expense $2,667
  • Maintenance Expense $5,209
  • Other Expense $1,800
  • Professional Management Expense $4,688
  • Trash Expense $4,000
  • Water Sewer Expense $3,471
  • New Taxes Expense $20,830
  • Operating Expense $44,130
  • Gross Income $107,400
  • Net Operating Income $60,048

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • CapRate: 3.53
  • Professional Management Expense: 4688.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Cedar Ave b
  • Water Sewer Expenses: 3471.00
  • Zoning: HAR3YY
  • Property Type: Residential Income
  • Parcel Number: 4047013007
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Price Per Square Foot: 258.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 4000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Level with Street, Lot 6500-9999, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 7659.00
  • Lot Size Acres: 0.1758

Multi Family

  • Electric Expense: 1100.00
  • Fuel Expense: 365.00
  • Gross Income: 107400.00
  • Gross Multiplier: 15.82
  • Gross Operating Income: 104178.00
  • Gross Scheduled Income: 107400.00
  • Insurance Expense: 2667.00
  • Laundry Income: 600.00
  • Lot Size Area: 7659.0000 Square Feet
  • Maintenance Expense: 5209.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 60048.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 44130.00
  • Operating Expense Percent: 41.00
  • Other Expense: 1800.00
  • Rent Control: Yes
  • Total Actual Rent: 8900.00
  • Total Expenses: 44130.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20830.00
  • Tax Area: 4-260
  • Tax Census Tract: 6021.04
  • Tax Lot: 161
  • Tax Rate: 1.22
  • Tax Tract Number: Fairfa

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2020 01/31/20 Sold $1,533,750 -9.7% $259 / Sq Ft
12/24/2019 12/24/19 Pending -- -- --
11/22/2019 11/22/19 Price Changed $1,699,000 -2.9% $287 / Sq Ft
11/14/2019 11/14/19 For Sale $1,750,000 -- $295 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Millea

    Seller's Agent in 2020

    Michael Millea

    Lyon Stahl Investment Real Estate, Inc.

    (310) 251-2083

    2 in this area

    45 Total Sales

    Michael Millea
    Section Image

  • W

    Buyer's Agent in 2020

    Woody Stahl

    CRMLS Member Transfer

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19264882

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Hawthorne 90250

11626 Cedar Ave, Hawthorne, CA

Not Listed for Sale

MultiFamily

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