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Listed by Evelyn Baez Gonzalez • Lyon Stahl Investment Real Estate, Inc.
$2,500,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-26155620
Year Built 1932
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
11850 Hawthorne Boulevard presents a compelling value-add mixed-use investment opportunity in the heart of Hawthorne's thriving South Bay market. ***Priced at only $152 per square foot—well below replacement cost!!!—the property offers investors significant upside through below-market rents and residential and retail vacancies.
>The 16,375-square-foot property sits on a 13,274-square-foot lot and consists of six one-bedroom apartments, two studios, and three street-front retail spaces. Strategically located along heavily traveled Hawthorne Boulevard, the property benefits from excellent visibility, strong traffic counts with approximately 39,000 vehicles per day, and diversified residential and retail income.
Once stabilized, the property's projected cap rate is at nearly 8%. The residential units are not subject to LA City RSO and are governed only by California AB 1482, allowing annual rent increases of 8.7% as of August 2026 (5% plus CPI), subject to the applicable cap. The C-2 zoning may also allow approximately 19,900 square feet of commercial development, providing additional long-term redevelopment potential (buyer to verify).
This is a rare opportunity to acquire a substantial South Bay asset below replacement cost with solid in-place income, immediate value-add potential, and multiple paths for long-term appreciation.>>See Supplements for OM<<
>The 16,375-square-foot property sits on a 13,274-square-foot lot and consists of six one-bedroom apartments, two studios, and three street-front retail spaces. Strategically located along heavily traveled Hawthorne Boulevard, the property benefits from excellent visibility, strong traffic counts with approximately 39,000 vehicles per day, and diversified residential and retail income.
Once stabilized, the property's projected cap rate is at nearly 8%. The residential units are not subject to LA City RSO and are governed only by California AB 1482, allowing annual rent increases of 8.7% as of August 2026 (5% plus CPI), subject to the applicable cap. The C-2 zoning may also allow approximately 19,900 square feet of commercial development, providing additional long-term redevelopment potential (buyer to verify).
This is a rare opportunity to acquire a substantial South Bay asset below replacement cost with solid in-place income, immediate value-add potential, and multiple paths for long-term appreciation.>>See Supplements for OM<<
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Zoning HAC2YY
Interior
Heating None
Laundry None
Exterior
Utilities Available See Remarks
Building
Lot Description 6-10 Units/Acre
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900