NOT LISTED FOR SALE

11702 Menlo Ave Hawthorne, CA 90250

11 Beds
10 Baths
6,157 Sq Ft
8,218 Sq Ft Lot

Last Sold June 29, 2018

Last sale price $2,025,000 $329 Per Sq Ft

25 Days on Market

About This Home

As of June 2018

Menlo Ten is a thirtysomething multifamily asset with no rent control restrictions, ample parking, and situated in a very strong, housingconstrained Los Angeles submarket (1.2% vacancy factor - REIS, 2018). This excellent ten-unit investment opportunity is in Hawthorne,home to innovators such as Space X and Tesla, where Northrop Grumman was first established. The area is a hub between Core LosAngeles, the Beach Cities and South LA, and a such provides sound investment environment for this quality small size income property.Shopping, restaurants, groceries, parks, and entertainment are situated within half a mile of the property, giving it a "Very Walkable"76 Walk Score®. Year over year rents in this market has advanced for twenty nine consecutive quarters, with an overall increase of 27%in market rents. Thus, in addition to the existing 15% upside in rents, this non-rent controlled asset offers ever increasing

Last Agent to Sell the Property

Wolf Baschung

MW Real Estate License #01369850 Listed on: 02/26/2018

Co-Listed By

Brian Noh

Nohco Real Estate License #01438155

Last Buyer's Agent

Wolf Baschung

MW Real Estate License #01369850 Listed on: 02/26/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,218 Sq Ft Lot

Parking

  • 12 Car Garage
  • Parking Garage Space

Interior Spaces

  • 6,157 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 4047-011-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

12

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 6157
  • Stories: 1
  • Year Built: 1986
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 10.00
  • Den: 0
  • Price Per S Q F T: 324.02

Exterior Features

  • Tennis Court Y/N: No
  • Construction: WF Stucco
  • Pool: No

Garage/Parking

  • Garage Spaces: 12
  • Covered Parking: 12
  • Parking Garage: Community Garage, Garage - 2 Car
  • Total Parking: 12

Lot Info

  • Assessed Improvement Value: 607339
  • Assessed Land Value: 528122
  • Assessor Parcel Number: 4047-011-008
  • Geocode Override: No
  • Lot Size Area: 8218

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.40
  • Number Of Units: 10
  • Rent Control: 0
  • Total Annual Expense: 49889
  • Type Of Units: Market
  • Vacancy Rate: 1.2

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
06/29/2018 06/29/18 Sold $2,025,000 +1.5% $329 / Sq Ft
02/26/2018 02/26/18 For Sale $1,995,000 -- $324 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wolf Baschung

    Seller's Agent in 2018

    Wolf Baschung

    MW Real Estate

    (213) 422-2969

    5 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2018

    Brian Noh

    Nohco Real Estate

See All Agents

Map

Source: The MLS

MLS Number: 18-320236

The MLS

California Los Angeles County Hawthorne 90250

11702 Menlo Ave, Hawthorne, CA

This home is located at 11702 Menlo Ave, Hawthorne, CA 90250 since 26 February 2018. This property was built in 1986. 11702 Menlo Ave is a home located in Los Angeles County with nearby schools including York Elementary School, Prairie Vista Middle School, and Leuzinger High School.

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