12501 Kornblum Avenue Active

Hawthorne,CA 90250

$ 1995000

- Bed

- Bath

6861 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,861 sqft

Price per Sqft $290

MLS Listing ID CRSB25035540

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1987

Lot Size 6,752 Sqft

Property Sub-Type Other

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

Interior

Fireplace No

Laundry Other

Building

Water Public

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