12612 Kornblum Ave, Hawthorne, CA 90250

12612 Kornblum Ave, Hawthorne, CA 90250

Hawthorne, CA

Property Description

We are pleased to present 12612 Kornblum Ave in the owner friendly area of Hawthorne, CA at a list price of $2,150,000. This property boasts seven units which consist of six one bedroom/one bath units and one huge 3 bedroom/2.5 bath unit which will be delivered vacant at the close of escrow. This make-up could either be for the traditional investor or possibly an owner-user. Also, another major positive of this property is it’s 80’s construction (1986 to be exact). The owner has maintained it well and has made several renovations during his tenure. The property is currently operating at a 4.76% CAP and a 13.8 GRM with the opportunity to increase rents. Additionally, there is ADU potential. The property has carports for each unit and the owner can increase rents 10% every year due to its Hawthorne location.

Property Features

  • Sale Price: $2,150,000
  • Area Size: 5,260 Sq. Ft.
  • Land Area: 6,669 Sq. Ft.
  • Year Built: 1986
  • Listing Date: 8/8/2023
  • Units: 7
  • Current GRM: 13.08
  • Current Cap Rate: 4.96%
  • Price Per Unit: $307,143
  • Market GRM: 5.23%
  • Market Cap Rate: 12.62
  • Current NOI: $164,400