12612 Kornblum Avenue Save Request In-Person Tour Request Virtual Tour
Hawthorne,CA 90250
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,319 sqft
Price per Sqft $385
MLS Listing ID OC-25170666
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
Laundry None
Exterior
Parking Features None
Pool None
Community Features Urban
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer