11850 Hawthorne Boulevard presents a compelling value-add mixed-use investment opportunity in the heart of Hawthorne’s thriving South Bay market. Priced at only $152 per square foot—well below replacement cost—the property offers investors significant upside through below-market rents and residential and retail vacancies. The 16,375-square-foot property sits on a 13,274SF lot and consists of 6 one-bedroom apartments, 2 studios, and 3 street-front retail spaces. Strategically located along heavily traveled Hawthorne Boulevard, the property benefits from excellent visibility, strong traffic counts, and diversified residential and retail income. Lease-up of the upcoming vacancies is projected to increase the cap rate to approximately 6.96%. The residential units are not subject to LA City RSO and are governed only by California AB 1482, allowing annual rent increases of 5% plus CPI. The C-2 zoning may also allow approximately 19,900 square feet of commercial development, providing additional long-term redevelopment potential (buyer to verify). This is a rare opportunity to acquire a substantial South Bay asset below replacement cost with solid in-place income, immediate value-add potential, and multiple paths for long-term appreciation.