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.