Description
We are pleased to present 12612 Kornblum Ave in the owner friendly area of Hawthorne, CA at a list price of $2,150,000. This property boasts seven units which consist of six one bedroom/one bath units and one huge 3 bedroom/2.5 bath unit which will be delivered vacant at the close of escrow. This make-up could either be for the traditional investor or possibly an owner-user. Also, another major positive of this property is it's 80's construction (1986 to be exact). The owner has maintained it well and has made several renovations during his tenure. The property is currently operating at a 4.76% CAP and a 13.8 GRM with the opportunity to increase rents. Additionally, there is ADU potential. The property has carports for each unit and the owner can increase rents 10% every year due to its Hawthorne location.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present 12612 Kornblum Ave in the owner friendly area of Hawthorne, CA at a list price of $2,150,000. This property boasts seven units which consist of six one bedroom/one bath units and one huge 3 bedroom/2.5 bath unit which will be delivered vacant at the close of escrow. This make-up could either be for the traditional investor or possibly an owner-user. Also, another major positive of this property is it's 80's construction (1986 to be exact). The owner has maintained it well and has made several renovations during his tenure. The property is currently operating at a 4.76% CAP and a 13.8 GRM with the opportunity to increase rents. Additionally, there is ADU potential. The property has carports for each unit and the owner can increase rents 10% every year due to its Hawthorne location.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.