12705 Ramona Ave
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12705 Ramona Ave
11 Unit Apartment Building $4,257,440 CAD ($387,040 CAD/Unit) 5.02% Cap Rate Hawthorne, CA 90250
INVESTMENT HIGHLIGHTS
- Highly Desirable Hawthorne Location - West of Hawthorne Boulevard | Approximately 1 Mile from Northrup Grumman, Raytheon & El Segundo
- 5.02% Current Cap Rate & 13.22 Current GRM | 8.44% Pro-Forma Cap Rate & 9.02 Pro-Forma GRM
- Upgraded Electrical Subpanels | 15 Parking Spaces | On-Site Laundry Facility – Generates Additional Annual Income
- Outstanding Unit Mix of (One) 3-Bedroom/1.75-Bathroom Unit, (Eight) 2-Bedroom/1.75-Bathroom Units & (Two) 1-Bedroom/1-Bathroom Units
- No Local Rent Control – Defaults to AB 1482 | 9,752-SF Apartment on an 8,782-SF Lot
- Strong Neighboring Employment: SoFi Stadium, Intuit Dome, Los Angeles Times, Hollywood Park Tomorrow & LAX Airport
EXECUTIVE SUMMARY
ASSET
11-unit apartment located in Hawthorne, west of Hawthorne Boulevard.
No local rent control – defaults to AB 1482.
The property contains a unit mix of (one) 3-bedroom/1.75-bathroom unit, (eight) 2-bedroom/1.75-bathroom units and (two) 1-bedroom/1-bathroom units.
Situated on a large 8,782-SF lot, the property features upgraded electrical subpanels, a total of 15 parking spaces and an on-site laundry facility which is able to generate additional income.
LOCATION
The property is located west of Hawthorne Boulevard and approximately 1 mile from Northrup Grumman, Raytheon and El Segundo. Also in short distances are many neighboring employment centers such as SoFi Stadium, Intuit Dome, Los Angeles Times, Hollywood Park Tomorrow, Boeing, and the LAX airport.
FINANCIALS
This 9,752-SF apartment presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 5.02% and current GRM of 13.22 and a pro-forma cap rate of 8.44% and pro-forma GRM of 9.02.
11-unit apartment located in Hawthorne, west of Hawthorne Boulevard.
No local rent control – defaults to AB 1482.
The property contains a unit mix of (one) 3-bedroom/1.75-bathroom unit, (eight) 2-bedroom/1.75-bathroom units and (two) 1-bedroom/1-bathroom units.
Situated on a large 8,782-SF lot, the property features upgraded electrical subpanels, a total of 15 parking spaces and an on-site laundry facility which is able to generate additional income.
LOCATION
The property is located west of Hawthorne Boulevard and approximately 1 mile from Northrup Grumman, Raytheon and El Segundo. Also in short distances are many neighboring employment centers such as SoFi Stadium, Intuit Dome, Los Angeles Times, Hollywood Park Tomorrow, Boeing, and the LAX airport.
FINANCIALS
This 9,752-SF apartment presents stable in-place rents as well as legitimate rental upside. The asset contains a current cap rate of 5.02% and current GRM of 13.22 and a pro-forma cap rate of 8.44% and pro-forma GRM of 9.02.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$321,984
|
$33.02
|
| Other Income |
$2,032
|
$0.21
|
| Vacancy Loss |
$9,720
|
$1.00
|
| Effective Gross Income |
$314,296
|
$32.23
|
| Taxes |
$53,218
|
$5.46
|
| Operating Expenses |
$47,273
|
$4.85
|
| Total Expenses |
$100,491
|
$10.30
|
| Net Operating Income |
$213,804
|
$21.92
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $321,984 |
| Annual Per SF | $33.02 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,032 |
| Annual Per SF | $0.21 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,720 |
| Annual Per SF | $1.00 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $314,296 |
| Annual Per SF | $32.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $53,218 |
| Annual Per SF | $5.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $47,273 |
| Annual Per SF | $4.85 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $100,491 |
| Annual Per SF | $10.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $213,804 |
| Annual Per SF | $21.92 |
PROPERTY FACTS
| Price | $4,257,440 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $387,040 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.02% | Building Size | 9,752 SF |
| Gross Rent Multiplier | 13.22 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Price | $4,257,440 CAD |
| Price Per Unit | $387,040 CAD |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| Gross Rent Multiplier | 13.22 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,752 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.54/1,000 SF |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,853 CAD | - |
| 2+2 | 8 | $2,596 CAD | - |
| 1+1 | 2 | $1,601 CAD | - |
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Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 4041-010-046 | Total Assessment | $3,100,790 CAD |
| Land Assessment | $1,162,792 CAD | Annual Taxes | $53,218 CAD ($5.46 CAD/SF) |
| Improvements Assessment | $1,937,997 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4041-010-046
Land Assessment
$1,162,792 CAD
Improvements Assessment
$1,937,997 CAD
Total Assessment
$3,100,790 CAD
Annual Taxes
$53,218 CAD ($5.46 CAD/SF)
Tax Year
2024
ZONING
| Zoning Code | R3, Hawthorne (Multiple Dwelling) |
| R3, Hawthorne (Multiple Dwelling) |
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12705 Ramona Ave
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