11523 Menlo Ave

11523 Menlo Ave, Hawthorne, CA 90250

  • For Sale $1,450,000
  • 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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Attachments

Highlights

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

Contacts

broker

Robert Leveen

Lee & Associates - Pasadena

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable

  • Transit Score ®

    56/100 Good Transit

  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Hawthorne, CA
  • Neighborhood North Hawthorne
  • Zip Code 90250
  • Market Los Angeles

Points of Interest

  • Firestone

    6.34 miles

  • Fisherman's Village

    6.40 miles

  • Esprit 1

    6.73 miles

  • Dolphin Marina

    6.79 miles

  • Expo Park/USC

    7.08 miles

  • Marina Beach

    7.18 miles

  • Culver City

    7.20 miles

  • Palms

    7.63 miles

  • Vernon

    7.86 miles

  • Long Beach Boulevard

    7.90 miles

  • Arco

    0.91 miles

  • 76

    0.96 miles

  • Chevron

    1.14 miles

  • 76

    1.18 miles

  • Chevron

    1.23 miles

  • Costco Gasoline

    1.26 miles

  • USA Gasoline

    1.48 miles

  • 7-Eleven

    1.52 miles

  • Shell

    1.53 miles

  • Chevron

    1.66 miles

  • Hawthorne Park and Ride

    0.26 miles

  • Hawthorne Park And Ride

    0.48 miles

  • Crenshaw Park And Ride

    1.18 miles

  • SpaceX Visitor Lot

    1.30 miles

  • Blue Zone

    1.49 miles

  • Platinum Zone

    1.59 miles

  • LAX Economy Lot E

    1.63 miles

  • Red Zone

    1.70 miles

  • Aviation Park And Ride

    1.73 miles

  • Yellow Zone

    1.77 miles

  • Comfort Inn Cockatoo Near LAX Airport

    0.21 miles

  • La Quinta Inn & Suites by Wyndham 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

  • Touristlodge

    0.64 miles

  • Kings Motel Inglewood

    0.83 miles

  • El Pollo Loco

    0.34 miles

  • Chips Restaurant

    0.41 miles

  • Seafood Restaurant

    0.67 miles

  • Taco Bell

    0.90 miles

  • Burger King

    1.11 miles

  • Jack in the Box

    1.12 miles

  • McDonald's

    1.14 miles

  • Brolly Hut

    1.20 miles

  • Costco Food Court

    1.22 miles

  • Q Hawaiian BBQ

    1.28 miles

  • York Elementary School

    0.27 miles

  • Saint Joseph School

    0.32 miles

  • Moffett Elementary School

    0.45 miles

  • Lennox Mathematics, Science & Technology Academy

    0.49 miles

  • Worthington TK-5 School

    0.74 miles

  • Whelan Elementary School

    0.82 miles

  • Eucalyptus Elementary School

    0.84 miles

  • Bennett-Kew Elementary School

    0.89 miles

  • Lockhaven School

    0.92 miles

  • Washington Elementary School

    0.97 miles

  • South Bay Universal Development Center

    1.82 miles

  • Manhattan Academy Infant Center

    3.48 miles

  • The Academy at Manhattan Beach

    3.71 miles

  • Creative Kids Preschool

    4.01 miles

  • Vernon Adult Day Program

    5.41 miles

  • Beach Cities Child Development Center

    5.58 miles

  • Home Sweet Home Preschool

    5.84 miles

  • Yak Academy

    5.94 miles

  • Little People Big Dreams

    6.29 miles

  • Branches Atelier

    6.41 miles

Frequently Asked Questions

How much does 11523 Menlo Ave cost?

The space currently listed for sale at 11523 Menlo Ave asks for $1,450,000.

What is the total square footage of 11523 Menlo Ave?

11523 Menlo Ave totals 5,484 square feet.

When was this property built?

11523 Menlo Ave was built in 1963.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Robert Leveen

Lee & Associates - Pasadena