11523 Menlo Ave

For Sale

11523 Menlo Ave, Hawthorne, CA 90250

This Hawthorne property for sale is located at 11523 Menlo Ave. The current listed sale price for 11523 Menlo Ave is $1,450,000. 11523 Menlo Ave is situated on a lot that is 0.16 acre in size.

Contacts

broker

Robert Leveen

Lee & Associates - Pasadena

Property Details

  • Property Type Multi-Family
  • Property Size 5,484 SF
  • Units 5
  • Lot Size 0.16 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1963
  • Date Updated Sep 30, 2024
The city of Hawthorn is thriving due to it being the headquarters of SpaceX at nearby Hawthorn Municipal Airport. Other notable companies operating in the city include Tesla, Amazon, and Ring. The property also benefits from easy access to LAX, South Bay beaches and economic centers via I-105 and I-405. Further, it is just a few minute's drive to the new Hollywood Park commercial development, SoFi Stadium, YouTube Theater and Intuit Dome.Lee & Associates Apartment Advisors are pleased to present Menlo Avenue Apartments located in the city of Hawthorne. The ±5,484 SF five unit property constructed in 1963 in comprised one x one bedroom/one bath, two x two bedroom/one and three-quarter bath, and two x four bedroom/one and three-quarter bath apartments. The four-bedroom units were originally three-bedrooms, and walls were added to create additional bedrooms. This was completed under prior ownership. Further, these specific units have laundry hookups and fireplaces. Recent capital improvements include complete renovation of units B and E in 2023. The central water heater along with the majority of the sewer line were replaced in 2022, totaling in excess of $100,000 in recent capital expenditures. The property has 6 parking spaces, one-site leased laundry, and a community roof deck in the rear above the carport. The property is subject to AB 1482, and there is no local rent control in Hawthorn. The offering is a unique opportunity for an investor to acquire an apartment property in the South Bay with no local rent control, built in rental upside, in a dense, low vacancy market.

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Highlights

  • Over $100,000 in recent Capital Expenditures
  • Upside in rents
  • Rare Four Bedroom Apartments

Attachments

Getting around

  • 71/100

    Walk Score ®

  • 56/100

    Transit Score ®

  • 52/100

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Location

  • City Hawthorne, CA
  • Neighborhood North Hawthorne
  • Zip Code 90250
  • Market Los Angeles

Points of Interest

  • Hawthorne/Lennox

    0.38 miles

  • Crenshaw

    1.24 miles

  • CONRAC

    2.08 miles

  • East ITF

    2.23 miles

  • El Segundo

    2.44 miles

  • Downtown Inglewood

    2.62 miles

  • Douglas

    2.65 miles

  • Redondo Beach

    2.72 miles

  • Westchester/Veterans

    2.73 miles

  • West ITF

    2.77 miles

  • Mobil

    0.24 miles

  • Chevron

    0.35 miles

  • 76

    0.53 miles

  • Arco

    0.70 miles

  • Costco Gasoline

    0.75 miles

  • Shell

    0.78 miles

  • USA Gasoline

    1.09 miles

  • ChargePoint

    2.25 miles

  • EVgo

    2.57 miles

  • eVgo

    2.80 miles

  • Hawthorne Park and Ride

    0.26 miles

  • Hawthorne Park And Ride

    0.48 miles

  • Players' Garage - Intuit Dome

    0.98 miles

  • West Garage - Intuit Dome

    1.04 miles

  • Mobility Hub - Intuit Dome

    1.16 miles

  • East Garage - Intuit Dome

    1.18 miles

  • Crenshaw Park And Ride

    1.18 miles

  • SpaceX Visitor Lot

    1.30 miles

  • Blue Zone

    1.49 miles

  • Westside Collector Car Storage

    4.90 miles

  • Hampton Inn Los Angeles Int'l Airport/Hawthorne

    0.20 miles

  • Comfort Inn Cockatoo Near LAX Airport

    0.21 miles

  • Trend Hotel LAX

    0.23 miles

  • La Quinta Inn & Suites Inglewood

    0.25 miles

  • Holiday Inn Express Hotel & Suites Los Angeles Airport Hawthorne

    0.26 miles

  • Candlewood Suites Lax Hawthorne

    0.26 miles

  • Crystal Inn Suites & Spas - LAX

    0.30 miles

  • LAX Stadium Inn

    0.47 miles

  • Diamond Inn

    0.54 miles

  • Del Aire Inn

    0.57 miles

  • Ralphs

    0.45 miles

  • Former "Montgomery Ward"

    0.51 miles

  • Former "The Broadyway"

    0.61 miles

  • Abandoned Hawthorne Plaza

    0.61 miles

  • Former "JCPenney"

    0.72 miles

  • Burlington

    1.13 miles

  • dd's Discounts

    1.20 miles

  • Ross

    1.36 miles

  • Marshalls

    1.38 miles

  • ALDI

    1.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Robert Leveen

Lee & Associates - Pasadena