14110 Yukon, Hawthorne, CA 90250

Property Description

Offered at $7,640,000, the existing property already generates strong in-place cash flow with an approximately 6.51% current cap rate and 10.26 GRM. The newer 1974-built, 28-unit asset, renovated in 2024, contains approximately 18,310 square feet on a substantial 19,196-square-foot lot. The property features 33 on-site parking spaces and a unit mix of 24 one-bedroom and four two-bedroom apartments. The Real Opportunity: 43 Units + 9% Cap Rate. The defining investment story is the property's 15-unit ADU expansion potential. By developing 7 attached ADUs and 8 detached ADUs, an investor has the opportunity to increase the unit count by more than 50%from 28 units to 43 unitswithout acquiring additional land. Upon completion of the proposed ADU program, the property is projected to generate an approximately 9% cap rate after ADU construction costs, a 7.67 GRM, and 43 total units, with an approximately $202,000 per-door basis based on the expanded unit count. This creates an opportunity to acquire a stabilized South Bay multifamily asset at a basis that is extremely difficult to replicate through either conventional acquisitions or ground-up development. The property is also strategically located within Hawthorne's major employment corridor, surrounded by some of Southern California's most significant aerospace, technology, and entertainment employers and destinations, including SpaceX, Tesla, Intuit Dome, SoFi Stadium, YouTube Theater, and Kia Forum. 14110 Yukon offers investors something increasingly rare in Los Angeles multifamily: strong cash flow on day one, a sub-10.26 GRM Offered at $7,640,000, the existing property already generates strong in-place cash flow with an approximately 6.51% current cap rate and 10.26 GRM. The newer 1974-built, 28-unit asset, renovated in 2024, contains approximately 18,310 square feet on a substantial 19,196-square-foot lot. The property features 33 on-site parking spaces and a unit mix of 24 one-bedroom and four two-bedroom apartments. The Real Opportunity: 43 Units + 9% Cap Rate. The defining investment story is the property's 15-unit ADU expansion potential. By developing 7 attached ADUs and 8 detached ADUs, an investor has the opportunity to increase the unit count by more than 50%from 28 units to 43 unitswithout acquiring additional land. Upon completion of the proposed ADU program, the property is projected to generate an approximately 9% cap rate after ADU construction costs, a 7.67 GRM, and 43 total units, with an approximately $202,000 per-door basis based on the expanded unit count. This creates an opportunity to acquire a stabilized South Bay multifamily asset at a basis that is extremely difficult to replicate through either conventional acquisitions or ground-up development. The property is also strategically located within Hawthorne's major employment corridor, surrounded by some of Southern California's most significant aerospace, technology, and entertainment employers and destinations, including SpaceX, Tesla, Intuit Dome, SoFi Stadium, YouTube Theater, and Kia Forum. 14110 Yukon offers investors something increasingly rare in Los Angeles multifamily: strong cash flow on day one, a sub-10.26 GRM, an approximately 6.5% going-in cap rate, and a clearly defined path to 43 units, an approximately 9% stabilized cap rate, and an exceptionally low per-unit basis.