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.
Property Details
Price:
$1,995,000
MLS #:
SB25035540
Status:
Active
Baths:
0
Address:
12501 Kornblum Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
110easthawthorne
City:
Hawthorne
Listed Date:
Feb 17, 2025
State:
CA
ZIP:
90250
Lot Size:
6,752 sqft / 0.16 acres (approx)
Year Built:
1987
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Schools
Interior
Exterior
Community Features
Biking
Garage Spaces
1.00
Lot Features
6-10 Units/ Acre
Parking Spots
13.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address12501 Kornblum Avenue Hawthorne CA
- Area110 – East Hawthorne
- CityHawthorne
- CountyLos Angeles
- Zip Code90250
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12501 Kornblum Avenue
Hawthorne, CA
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