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4 Units Hawthorne Owner User or Investment 4739 W 118th St

4 Unit Apartment Building $1,295,000 ($323,750/Unit) 3.80% Cap Rate Hawthorne, CA 90250

Investment Highlights

  • Great Unit Mix: (1) 3-bedrrom/2-bath & (3) 2-bedroom/1-bath
  • 1 Unit Delivered Vacant
  • Great Location: near SpaceX, Sofi & Intuit Dome
  • Corner Lot

Executive Summary

We are excited to present 4739 W 118th St in Hawthorne! This well-maintained property features a desirable unit mix, including one 3-bedroom/2-bath unit and three 2-bedroom/1-bath units. Whether you're an owner-user or an investor, this property offers great potential—one unit is being delivered move-in ready. Each tenant enjoys a private garage space, with an additional tandem parking space in front. The garages can continue to be used for parking, or a savvy investor may explore the option of converting them into ADUs (Accessory Dwelling Units) for added value. Additional amenities include on-site laundry facilities, and the property is separately metered for gas and electricity. With nearly 40% upside potential in rents, there is significant opportunity for growth, especially given the property's prime location near major employers like Boeing, SpaceX, and Northrop Grumman. Conveniently located near SoFi Stadium and the Intuit Dome—site of the 2028 Olympics opening ceremonies—this property offers both investment potential and proximity to key local attractions.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $79,920 $22.89
Other Income - -
Vacancy Loss $2,398 $0.69
Effective Gross Income $77,522 $22.20
Taxes - -
Operating Expenses - -
Total Expenses $28,374 $8.13
Net Operating Income $49,148 $14.07

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $79,920
Annual Per SF $22.89
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $2,398
Annual Per SF $0.69
Effective Gross Income
Annual $77,522
Annual Per SF $22.20
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $28,374
Annual Per SF $8.13
Net Operating Income
Annual $49,148
Annual Per SF $14.07

Property Facts

Price $1,295,000
Price Per Unit $323,750
Sale Type Investment
Cap Rate 3.80%
Gross Rent Multiplier 16.2
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 3,492 SF
No. Stories 2
Year Built 1962

Unit Amenities

  • Air Conditioning
  • Heating
  • Bay Window

Site Amenities

  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 $2,115 -
2+1 3 $1,950 -
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4044-004-023
Land Assessment
$302,451 (2024)
Improvements Assessment
$330,979 (2024)
Total Assessment
$633,430 (2024)

zoning

Zoning Code HAR3YY
HAR3YY
  • Listing ID: 33858618

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 4739 W 118th St, Hawthorne, CA 90250

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