SUBMIT ALL OFFERS | CALL FOR OFFERS 5/3/26 | CALL/EMAIL LISTING AGENT FOR MORE DETAILS The Van Vuuren Investment Group of Lyon Stahl are pleased to present 12128 Ramona Avenue, a value-add nine-unit* apartment complex on a quiet, low-density street in Hawthorne, California. Ideally positioned in the highly walkable Ramona neighborhood, the property offers residents convenient access to neighborhood amenities, employment hubs, and major transportation corridors, while providing investors an immediately actionable upside story through lease-up and repositioning. The asset features a desirable unit mix of four (4) spacious 2-bedroom/1-bath units, three (3) 1-bedroom/1-bath units, and two (2) non-conforming studio units, together creating a versatile rental profile that appeals to singles, couples, and small families. Five units will be delivered vacant at closing, allowing a new owner to bring rents to market levels without relying on tenant turnover or costly buyouts. The property also offers seven on-site parking spaces, an increasingly scarce amenity in the submarket, further enhancing tenant demand and retention. 12128 Ramona Avenue is priced at an attractive 8.82 GRM and 7.42% cap rate on projected stabilized income, with a compelling basis of $315.31 per square foot. The financials assume the lease-up of all vacant units at market rents, providing clear visibility into the path to stabilization and cash flow growth. This opportunity is particularly well suited for all-cash buyers, private money, and bridge financing buyers, as well as local operators and 1031 exchange investors seeking to redeploy capital into a non-Los Angeles rent control jurisdiction with strong underlying fundamentals. Please note this property does not qualify for conventional financing. Buyers are encouraged to confirm their financing ability prior to submitting an offer. *Property is a legal 7-unit with 2 non-conforming studio units. Seller purchased the property in its current configuration and has not done any conversions. Buyer to verify unit count, zoning compliance, and permitting status with the City of Hawthorne. All financial information is based on estimates and has not been independently verified. Buyer to conduct independent due diligence. Property is subject to a Notice of Default. Sale may be subject to lender cooperation.