ASSET 6-unit apartment located in Hawthorne, west of Hawthorne Boulevard. No local rent control – defaults to AB 1482. Situated on a large 9,719-SF lot, the property consists of (one) 2-bedroom/1-bathroom unit and (five) 1-bedroom/1-bathroom units. There are a total of 6 carport parking spaces at the rear of the property. The large lot presents a desirable opportunity to add ADUs or to redevelop the property in the future. LOCATION The property is located west of Hawthorne Boulevard, approximately 1.5 miles from Intuit Dome and Northrup Grumman and 2 miles from SoFi Stadium. Also in short distances are many neighboring employment centers such as Raytheon, Los Angeles Times, SpaceX, Tesla Design Center, Hollywood Park Tomorrow, Boeing, and the LAX Airport. FINANCIALS 12134 Grevillea Avenue presents tremendous upside with rents that are +/-130% below market. Priced at a pro-forma cap rate of 8.25% and pro-forma GRM of 9.07, the asset provides spectacular upside potential in an incredibly strong location. Furthermore, the asset is priced at only $216,667 per unit and $280 per SF.