0.44 Acres Lot
0.44 Acres Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26236638
HOA Y/N No
Year Built 1974
Lot Size 0.441 Acres
Property Sub-Type Apartment
Property Description
This 28-unit, non-rent-controlled South Bay multifamily property delivers strong day-one cash flow at a 6.5% current cap rate, with significant upside through a proposed 15-unit ADU expansion. Built in 1974 and renovated in 2024, the property contains approximately 18,310 SF on a substantial 19,196 SF lot and offers a diverse unit mix of 24 one-bedroom units and four two-bedroom units, along with 33 on-site parking spaces.
The defining investment opportunity is the potential to add 15 ADUs—7 attached and 8 detached—increasing the unit count by more than 50%, from 28 units to 43 units, without acquiring additional land. Upon completion of the proposed ADU program and after accounting for estimated construction costs, the property is projected to achieve an approximately 9% cap rate and 7.8 GRM, with an all-in basis of approximately only $199,000 per unit based on the expanded 43-unit count.
This creates an opportunity to acquire a stabilized multifamily asset with strong existing income while adding substantial density at a basis that would be difficult to replicate through either a conventional acquisition or ground-up development. The property is not subject to local rent control and is generally governed by California's statewide AB 1482 rent cap, currently allowing annual rent increases of up to 8.7% in the Los Angeles area, providing a clear path for below-market rents to move toward market over time.
The property is strategically located within Hawthorne's major employment and entertainment corridor, near several of Southern California's most prominent aerospace, technology, sports, and entertainment destinations, including SpaceX, Tesla, Intuit Dome, SoFi Stadium, YouTube Theater, and Kia Forum.
14110 Yukon offers investors the combination of strong in-place cash flow, an approximately 6.5% going-in cap rate, and a clearly defined path to 43 units and an approximately 9% stabilized cap rate.
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 28.0
Garage Description 28.0
Pool Private
Community Features Biking, Dog Park, Street Lights, Sidewalks
Total Parking Spaces 28
Private Pool Yes
Building
Lot Description 26-30 Units/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4052029051
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
GET MORE INFORMATION
California Real Estate
Welcome to RiseRealtyCA.com, your one-stop source for California real estate.
Use our state-of-the-art property search, including an interactive map search, to find homes for sale in California. These listings are updated daily from the MLS.
Or, use our Community Guide to help you in your search for California real estate listings. Our community searches will keep you up to date with the latest properties in the areas you are interested in.
And, for your convenience, be sure to register for a free account to receive email notifications whenever new homes for sale come on the market that match your specific criteria, and save your favorite properties for quick and easy access whenever you need — it's fast, easy, automatic and FREE! With a Property Tracker account, you'll be among the first to know about the newest homes for sale in California.
Thanks for visiting RiseRealtyCA.com, home of exquisite properties and excellent service.