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Listed by Mike Marcu • Mike Marcu, Broker
$ 2,050,000
Est. payment | /mo
5,319 SqFt
$ 2,050,000
Est. payment | /mo
5,319 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,319 sqft
Price per Sqft $385
MLS Listing ID CROC25170666
HOA Y/N No
Year Built 1986
Lot Size 6,669 Sqft
Property Sub-Type Other
Source Datashare California Regional
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
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227