Hawthorne, California, offers a unique opportunity for investors to capitalize on the growing demand for multi-family properties. With a population of approximately 90,000 residents, Hawthorne provides a stable and diverse market for rental properties. Multi-family properties in Hawthorne can represent a range of investment opportunities, from small apartment buildings to larger complexes, each offering a unique set of benefits and challenges. The city's strong infrastructure, including the Century Freeway and the San Diego Freeway, makes it an attractive location for residents and businesses alike. Additionally, Hawthorne is home to several major employers, including SpaceX and Tesla, which provides a steady stream of potential renters. The city's amenities, such as the Curtis Tucker Health Center and the Hawthorne Math and Science Academy, also make it an desirable place to live.
Currently, there are 1 multi-family properties for sale in Hawthorne, offering a range of options for investors. The average price per square foot for these properties is $338 USD, with an average size of 6,013 square feet. The largest property available is 10,113 square feet. In addition to multi-family properties, Hawthorne also offers a range of other property types, including retail space, shopping centers, residential income homes, and office properties. For example, retail space in Hawthorne can be found along major streets like Rosecrans Avenue and Hawthorne Boulevard, while shopping centers like the Hawthorne Plaza offer a range of retail and dining options. Residential income homes in Hawthorne can be found in neighborhoods like Lennox and Inglewood, while office properties are concentrated in areas like the Hawthorne Boulevard corridor. Overall, Hawthorne offers a diverse range of investment opportunities for those looking to capitalize on the city's growing economy.
What is the average cap rate for multi-family properties in the Hawthorne market?
When it comes to investing in multi-family properties in Hawthorne, understanding the average cap rate is crucial. According to current market data, the average cap rate for multi-family properties in Hawthorne is 4.66%, which is a key indicator of the potential return on investment - to learn more about how cap rates work, check out our article on what is a cap rate.
What should I know about financing options for buying an apartment building in Hawthorne?
When considering financing options for buying an apartment building in Hawthorne, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans), which can provide the necessary funding for your investment.
- With 1 available listings of multi-family properties in Hawthorne, you'll want to research and compare financing options to find the best fit for your investment goals, taking into account factors such as average price per square foot, which is currently $338 USD, and average cap rate, which is 4.66%.
- Hawthorne's strong economy, driven by industries like aerospace and technology, can provide a stable foundation for your investment, and with colleges like Los Angeles Southwest College and El Camino College nearby, you may find opportunities for student housing or other niche markets.
- For more information on CRE loans and financing options, check out our article at commercial real estate loans, which provides an in-depth guide to help you navigate the process.
