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Listed by Mike Marcu • Mike Marcu, Broker
$ 2,300,000
Est. payment | /mo
6,669 Sqft Lot
$ 2,300,000
Est. payment | /mo
6,669 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25170666
Year Built 1986
Lot Size 6,669 Sqft
Source California Regional MLS
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 market-positioning 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 deck-ideal 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 units-a key amenity in the South Bay. . Each unit h
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Interior
Laundry None
Exterior
Parking Features No Parking
Garage Spaces 9.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 4049014003
Special Listing Condition Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884