12612 Kornblum Avenue new Save Request In-Person Tour Request Virtual Tour
Hawthorne,CA 90250
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
Exterior
View Y/N No
Building
Story 3