12501 Kornblum AVE, HAWTHORNE CA, 90250

Active

12501 Kornblum AVE

HAWTHORNE CA, 90250

$1,995,000

$290.77 per sqft

Active

15 Beds

8 Baths

6,861 sqft

Multi-family

Built in 1987

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.

SB25035540MR

MLSⓇ ID

February 17, 2025

Listed

February 18, 2025

Updated

Interior Features

Total Stories: 1
Bedrooms: 15
Total Bathrooms: 8
Laundry Description: Laundry Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.16 Acres
Sewer: Public Sewer

Other Property Details

Area Name: East Hawthorne
Days on Market: 1
Garage: Yes
Garage Spaces: 1
Parking Total: 13
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: HAR3YY

Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-706-4066

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Elizabeth Alligood & Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 2/18/2025