11853 Manor Dr, Hawthorne, CA 90250

Property Overview

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11853 Manor Dr is a fully occupied seven-unit multifamily property in North Hawthorne, offered at $1,950,000. The building is upgraded throughout, carries no deferred maintenance, and delivers a 6.88% cap rate on income already in place, a yield that is increasingly hard to find in well-maintained product inside the I-405 / I-105 corridor.

The unit mix is anchored by five two-bedroom, one-bath units, alongside one 1+1 and one 3+2, across 5,219 rentable SF. In-place rents average $2,317 per month, within 3.24% of market, which reflects the quality of the product rather than mismanagement. An in-place RUBS program recovers $13,527 annually against the master-metered utility load, and expenses hold at 34.44% of EGI. Under AB 1482, rents reset to market at each vacancy, putting measured upside on top of day-one cash flow.

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Key Property Details

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• Price: $1,950,000
• Units: 7
• Unit Mix: (5) 2+1, (1) 1+1, (1) 3+2
• Avg Unit Size: 746 SF
• Zoning: R-3
• Occupancy: 100%‍
• Rent Control: AB 1482 (statewide)

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Investment Highlights

• 100% Occupied — Income From Day One. All seven units are leased, producing $194,640 in scheduled gross rent and $134,101 in current NOI. No lease-up, repositioning, or vacancy to absorb.
• Upgraded Throughout, No Capex Required. Remodeled units and no deferred maintenance. The next owner inherits finished product with no renovation budget or disruption to rent collection.
• RUBS Offsets the Master-Metered Utility Load. The RUBS program recovers 69% of the $19,586 in utility costs. With laundry, pet, and other income, ancillary revenue adds $19,630 to EGI.
• Measured Upside at Turnover. In-place rents average $2,317 against a $2,392 market average. Bringing all units to market lifts NOI to $140,423 and the cap rate to 7.20%, upside that sits on top of the in-place yield rather than carrying it.

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Neighborhood and Accessibility

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Located in North Hawthorne, the property sits minutes from LAX, SoFi Stadium, Intuit Dome, and SpaceX’s Hawthorne campus. The city’s employment base runs deep in aerospace and logistics, with Northrop Grumman, Hawthorne Municipal Airport, and the surrounding industrial corridor drawing a steady pool of working renters. The address carries a Walk Score of 78, with daily grocery and retail along Hawthorne Blvd a short walk away.

The I-405 runs along Hawthorne’s western edge and the I-105 along its north, with the Metro C Line in the 105 median, putting El Segundo, Downtown LA, and the beach cities within a short commute. With the housing stock largely built out and little land left for new multifamily, well-maintained units in Hawthorne stay occupied, supporting consistent rent growth and minimal concessions.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl