12612 Kornblum Avenue, Hawthorne, CA 90250

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Glen Henderson

[email protected] +1(619) 889-7646

$1,890,000

Est. payment - /mo

4 Beds

6,669 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25170666

Bedrooms 4

Lot Size 6,669 Sqft

Property Sub-Type Res Income 2-4 Units

Property Type Res Income 2-4 Units

Property Description

12612 Kornblum Avenue presents a rare value-add opportunity in the high-demand rental market of Hawthorne, only subject to AB-1482. This 7-unit property features an attractive unit mix with an oversized 1,951 sq. ft. 3/2.5 Townhome-style owner's unit with washer and dryer hookups, and the potential to add ADU units. The current rents remain well below marketpositioning the asset for significant income growth. Investment Highlights: Desirable Unit Mix: One large 3-bed/2.5-bath townhouse-style unit with washer and dryer hookups and a private deckideal for repositioning or premium rental. Plus, Six 1-bed/1-bath units. ADU Potential: Explore the possibility of adding units through ADU conversion of existing space (buyer to verify). RUBS OPPORTUNITY: There is potential to further enhance yield with the implementation of a RUBS program for water, sewer, and trash. The property is individually metered for gas and electric. Under-Market Rents: Immediate upside through rent increases upon turnover or via AB 1482 allowable adjustments. Operational Upside: On-site laundry room is currently non-functioning but can be restored to create a new revenue stream. Parking Advantage: Dedicated carport parking for all unitsa key amenity in the South Bay. Each unit has its own water heater, minimizing shared utility costs. Investor-Friendly Rent Control: Subject to AB 1482, allowing for structured annual rent increases (5% + CPI). This is a well-located, underutilized asset with multiple levers for value creationfrom strategic unit turns to ADU development and amenity upgrades. Ideal for

Location

State CA

County Los Angeles

Zoning Assessor

Direction El Segundo Blvd to Kornblum head north

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 4049014003

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Listed by Mike Marcu Mike Marcu, Broker

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

12612 Kornblum Avenue Hawthorne, CA 90250

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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