12706 Kornblum Ave, Hawthorne, CA 90250

12706 Kornblum Ave, Hawthorne, CA 90250

Hawthorne, CA

Property Description

Trophy 4 Plex located in one of the most desirable pockets of the South Bay. This massive 4 unit building comes with an incredibly desirable unit mix. Not just one, but two oversized 3 bedroom and 2 bath units, one of which is a townhouse style owner’s unit. The other units are both 2 bed and 1 bath units- the most rentable unit mix available in an apartment building. All units also feature oversize closets. Two units are complete with washer and dryers and private patios. Two units are also renovated with new bathtubs, showers, vanities, toilets, tile, flooring and lighting. There are two legacy units that show very well and can be updated to increase the already strong return an investor or owner may get on this property. Beneficial to the new owner, the subject property is located in close proximity to LAX, making it an ideal for airline investors looking to put multiple bunk beds for commuter’s comfort in the oversized bedrooms. The property has 6 parking on-site as well as an on-site laundry room. The property can also add an ADU to the existing parking structure at a marginal cost to further increase the income. This is a perfect opportunity for any investor or owner to grab an incredible asset in a great neighborhood. The subject property is located in a nice quiet pocket of Hawthorne, which features great schools such as Hawthorne Math & Science Academy, Kornblum School, Bud Carson and Leuzinger. Additionally, the property is just minutes from major employers and new developments such as Hawthorne Plaza Mall, Ring Headquarters, Boeing, SpaceX, Hollywood Park and SoFi Stadium.

Property Features

  • Sale Price: $1,825,000
  • Area Size: 5,422 Sq. Ft.
  • Land Area: 6,669 Sq. Ft.
  • Year Built: 1964
  • Listing Date: 10/13/2022
  • Units: 4
  • Current GRM: 16.95
  • Current Cap Rate: 4.01%
  • Price Per Unit: $456,250
  • Market GRM: 13.83
  • Market Cap Rate: 5.30%
  • Current NOI: $73,160

Lyon Stahl Investment Real Estate

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