2
See all 2 photos
$2,300,000
Est. payment /mo
4 Beds
3 Baths
New
12612 Kornblum Avenue Hawthorne, CA 90250
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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
Property Sub-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
Listed by Mike Marcu Mike Marcu, Broker