11702 Menlo Avenue

    Hawthorne, CA 90250
    • $1,995,000
    • STATUS: Active Under Contract
    • ON SITE: 78 days
    • MLS #: 18320236
    Under Contract
    UPDATED: 33 min ago
    $1,995,000
    • 11
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,157
      SQFT
    • $324
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Ratings & Info

    Description

    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 Walkable76 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

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    ©2018 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2018-05-24T20:37:15.697. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.haciendagroupinc.com/homes/81328946

    11702 Menlo Avenue Hawthorne, CA 90250

    • Price: $1,995,000
    • Status: Active Under Contract
    • Updated: 33 min ago
    • MLS #: 18320236
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    6,157
    SQFT
    $324
    $/SQFT
    1986
    Built
    Neighborhood:
    North Hawthorne
    County:
    Los Angeles
    Area:
    North Hawthorne
    Property Description
    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 Walkable76 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
    Exterior Features

    Carport Or Covered Spaces 12 Pool No Total Other Spaces 0 Total Parking Spaces 12

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 10.00 Cooling Type Other Heating Type Other

    Property Features

    Act Total Rent 0.00 Adj Gross Income 138225.00 Annual Gross Rent 138215.00 Annual Land Lease Amount 0.00 Disclosures Property As Is Green Year Certified 0 Gross Annual Income 138215.00 Gross Operating Inc 138215.00 Gross Schedule Inc 0.00 Lot Size Source (Other) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 86667.00 Number Of Buildings 1 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Other Tax Rate 0.00 Total Annual Op Exp 49889.00 Total Taxes 0.00

    Listing information © 2018 California Desert Association of Realtors.
    Listing provided courtesy of C. Wolf Baschung of Keller Williams Realty Downtown La.
    ©2018 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2018-05-24T20:37:15.697. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Hacienda Group Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253