12501 Kornblum Avenue, Hawthorne, CA 90250
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- MLS#: SB25035540 ( Commercial/Residential )
- Street Address: 12501 Kornblum Avenue
- Viewed: 7
- Price: $1,995,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1987
- Bldg sqft: 0
- Days On Market: 40
- Additional Information
- County: LOS ANGELES
- City: Hawthorne
- Zipcode: 90250
- Provided by: Lyon Stahl Investment Real Estate, Inc.
- Contact: Brett Brett
- DMCA Notice
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DescriptionNestled 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.
Property Location and Similar Properties
Features
Building Area Total
- 6861.00
Carport Spaces
- 12.00
Commoninterest
- None
Common Walls
- 2+ Common Walls
Country
- US
Garage Spaces
- 1.00
Gardner Expense
- 1200.00
Insurance Expense
- 8576.00
Laundry Features
- Common Area
Levels
- One
Lot Features
- 6-10 Units/Acre
Netoperatingincome
- 78510.00
Newtaxesexpense
- 25771.00
Otherexpense
- 5950.00
Otherexpensedescription
- Utility
Parcel Number
- 4049003053
Pool Features
- None
Postalcodeplus4
- 4791
Professionalmanagementexpense
- 6897.00
Property Type
- Commercial/Residential
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 432379716:CRM
Totalexpenses
- 52533.00
Trash Expense
- 0.00
Vacancyallowance
- 6897
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1987
Year Built Source
- Assessor
Zoning
- HAR3YY