34
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$1,995,000
Est. payment /mo
Active
12501 Kornblum AVE Hawthorne, CA 90250
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25035540
Originating Board California Regional MLS
Year Built 1987
Lot Size 6,752 Sqft
Property Description
Nestled in a residential pocket of Hawthorne, this large 7-unit apartment property presents an exceptional investment for a seasoned owner or exchange buyer. Offering a strong unit mix, the building features80s construction, (6) 2-bedroom/1-bath units and (1) spacious 3-bedroom/2-bath townhome-style unit. The property boasts 15 total parking spaces, including 1 garage and 12 carport spaces, along with shared laundry facilities. With a 3.94% CAP rate and 14.46 GRM, the building generates strong current income, while a 47% rental upside offers significant long-term potential with a 7.04% market CAP and 9.83 market GRM. Strategically located across the street from SpaceX, the property benefits from a prime location with easy access to major employers, retail, and dining.
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Interior
Laundry Laundry Area
Exterior
Garage Spaces 13.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 4049003053
Special Listing Condition Not Applicable
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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.