12501 Kornblum AVE Pending Save Request In-Person Tour Request Virtual Tour
Hawthorne,CA 90250
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SB25035540
Year Built 1987
Lot Size 6,751 Sqft
Property Sub-Type Mixed Use
Property Description
Nestled in a residential pocket of Hawthorne, this large 7-unit apartment property presents an exceptional investment for a seasoned owner or exchange buyer. Offering a strong unit mix, the building features80s construction, (6) 2-bedroom/1-bath units and (1) spacious 3-bedroom/2-bath townhome-style unit. The property boasts 15 total parking spaces, including 1 garage and 12 carport spaces, along with shared laundry facilities. With a 3.94% CAP rate and 14.46 GRM, the building generates strong current income, while a 47% rental upside offers significant long-term potential with a 7.04% market CAP and 9.83 market GRM. Strategically located across the street from SpaceX, the property benefits from a prime location with easy access to major employers, retail, and dining.
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Zoning HAR3YY
Interior
Laundry Common Area
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Biking
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard