CA > Hawthorne
Hawthorne, CA 90250,12612 Kornblum AVE
Hawthorne, CA 90250,12612 Kornblum AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,300,000
Est. payment /mo
6,669 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25170666

HOA Y/N No

Year Built 1986

Lot Size 6,669 Sqft

Property Sub-Type Apartment

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 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 creation—from strategic unit turns to ADU development and amenity upgrades. Ideal for investors seeking yield in a supply-constrained rental market.

Location

State CA

County Los Angeles

Area 108 - North Hawthorne

Zoning HAR3YY

Interior

Fireplace No

Laundry None

Exterior

Parking Features None

Carport Spaces 9

Pool None

Community Features Urban

Total Parking Spaces 9

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 3

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4049014003

Energy Description 860.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Mike Marcu Mike Marcu, Broker 949 688 1224

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