John E Burge

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4823 W 118th PlaceHawthorne, CA 90250

Multi-Family · 9,680 Sq. ft. | 0.28 Acres
$3,395,000 Active

4823 W 118th Place Overview

Time on Site:
77 days
Visits:
0

4823 and 4827 W 118th Place is a gated 14-unit multifamily asset located in the heart of Hawthorne, one of the South Bay’s most resilient rental markets. Built in 1987, the property totals approximately 9,680 square feet on a 12,319 square foot located west of Inglewood Blvd. The unit mix consists primarily of 1 bedroom/1 bath units with two 2 bedroom/1.5 bath townhome style units. Rents are at-to-near market meaning you don’t have to spend years catching up to where you ought to be. RUBS was implemented as of April 1, 2026 providing reimbursement for a large portion of some utility bills. SB721 balcony repairs have been completed. Situated minutes from LAX, SpaceX, major South Bay employers, SoFi Stadium, the 105 and 405 freeways, and nearby beaches, this asset bene??ts from strong employment drivers and consistent rental demand. This offering presents a stabilized investment opportunity in a supply constrained, coastal adjacent submarket with continued long term growth potential.

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4823 W 118th Place Facts & Features

  • Type Multi-Family
  • Sq. ft. 9,680
  • Price/Sq.ft. $351
  • Lot 0.28 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Electric Expense: 2705.0
  • Gross Income: 304800.0
  • Gross Scheduled Income: 304800.0
  • Insurance Expense: 7165.0
  • Net Operating Income: 196962.0
  • Operating Expense: 112038.0
  • Trash Expense: 3776.0
  • Water Sewer Expense: 10459.0

Building Information

  • New Construction: No
  • Year Built: 1987

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 108 - North Hawthorne
  • Postal City: HAWTHORNE

Community/Development

  • Community Features: Curbs,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Cable TV,Electricity,Gas,Other,See Remarks

General Information

  • Inclusions: Community washer(s) and dryer(s)
  • Listing Terms: Cash,Cash to New Loan,1031 Exchange
  • Parcel Number: 4141012004
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard,Trust

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 9680.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Entry Location: Individual doors
  • Fireplace Features: None
  • Fireplace: No
  • Laundry Features: Common Area
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking Spaces: 2.0
  • Parking Features: Controlled Entrance,Covered
  • Parking Total: 24.0

Lot Information

  • Additional Parcels Description: 4141012005
  • Additional Parcels: Yes
  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.2828
  • Lot Size Area: 12319.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12319.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 2
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: Yes

    General Information

    • Carport Spaces: 22.0
    • Carport: Yes
    • Number Of Units Leased: 14
    • Number Of Units Total: 14
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer

    4823 W 118th Place Neighborhood

    Community

    90250 (Hawthorne) Demographics

    33
    Median Age
    14,178
    Population Density (per sq. mile)
    31%
    College Educated
    $60,162
    Estimated Median Income
    9,874
    Estimated Total Home Owners
    20,967
    Estimated Total Renters
    32% / 68%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    4823 W 118th Place Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    4823 W 118th Place Market Data

    Based on the last 30 days in this zip code

    $1,001,524
    Average List Price
    $642
    Average Price per Square Foot
    16
    Properties Sold
    72
    Average Days on Market
    170
    Properties for Sale
    Calculations provided by Reliance Network

    4823 W 118th Place History

    Date Event Value Agent
    6/12/2026Source: CRMLS Price Reduction
    $3,395,000 -5.6%
    4/13/2026Source: CRMLS Added to Database
    April 13, 2026
    Listing provided courtesy of Jamison Management CompanyTodd Slatcher- MLS# SB26077805MLS ProviderContact Information: 310-798-9154
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