11850 Hawthorne Blvd, Hawthorne, CA 90250

Property Description

MAJOR PRICE IMPROVEMENT – NOW OFFERED AT $2,300,000! 11850 Hawthorne Boulevard presents a compelling value-add mixed-use investment opportunity in the heart of Hawthorne’s thriving South Bay market. The property offers investors significant upside through below-market rents and residential and retail vacancies. The 8,375-square-foot property sits on a 13,274-square-foot lot and consists of six one-bedroom apartments, two studios, and three street-front retail spaces. Strategically located along heavily traveled Hawthorne Boulevard, the property benefits from excellent visibility, strong traffic counts with approximately 39,000 vehicles per day, and diversified residential and retail income. Once stabilized, the property's projected cap rate is nearly 8%. The residential units are not subject to LA City RSO and are governed only by California AB 1482, allowing annual rent increases of 8.7% as of August 2026 (5% plus CPI), subject to the applicable cap. The C-2 zoning may also allow commercial development, providing additional long-term redevelopment potential (buyer to verify). This is a rare opportunity to acquire a substantial South Bay asset with solid in-place income, immediate value-add potential, and multiple paths for long-term appreciation. >>See Supplements for OM<<