11537 Birch Ave new Save Request In-Person Tour Request Virtual Tour
Hawthorne,CA 90250
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 4,780 sqft
Price per Sqft $313
MLS Listing ID SB25254299
Bedrooms 8
Full Baths 6
Year Built 1960
Lot Size 7,281 Sqft
Property Sub-Type All Other Attached
Property Description
This 4-unit apartment building at 11537 Birch Ave presents a compelling investment opportunity in the growing Hawthorne rental market. Situated on a 7,279 SF lot with 4,780 rentable square feet, the property features a well-balanced unit mix, including (1) 3-Bed/2-Bath, (2) 1-Bed/1-Bath, and (1) detached 3-Bed/2-Bath home, creating an attractive option for both investors and owner-users. At current operations, the building produces a 4.87% CAP rate, priced at $375,000 per unit and $313.81 per square foot, with a 12.92 GRM. With market rents projected at $127,200 annually versus the current $116,090, investors can achieve a pro forma market CAP rate of 5.42% and a market GRM of 11.79. Unit D has been newly renovated from top to bottom. The unit features a brand-new modern kitchen with sleek cabinetry and quartz-style countertops. Complemented by new flooring throughout, reglazed bathrooms, and fresh interior paint. The result is a bright, contemporary living space that commands top-of-market rent and immediately impresses prospective tenants. With all the work already done, this turnkey unit provides an investor or owner-user with instant value and long-term durability. Additional features include (2) private two-car garages and immediate lease-up potential and flexibility for a new owner. Investors may also explore long-term upside through ADU development or potential SB9 lot split/additional units (buyer to verify). Centrally located in Hawthorne, the property benefits from proximity to major employment hubs and convenient freeway access, ensuring strong rental demand and
Location
State CA
County Los Angeles
Interior
Fireplaces Type FP in Living Room
Laundry Gas,Washer Hookup
Exterior
Garage Spaces 4.0
View Y/N Yes
View Neighborhood
Building
Story 2
Sewer Public Sewer
Water Public
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard