12506 Kornblum Ave - Apartments FOR SALE


Hawthorne, CA 90250
$1,225,000 USD
424-405-3826
12506 Kornblum Ave, Hawthorne, CA for Sale
$1,225,000 USD
Apartments - FOR SALE
1/4
null | 3.66% Cap Rate

12506 Kornblum Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • Property Comprises a Two-Bed/One-and-One-Half-Bath House With Laundry and a Triplex With Three One-Bed/ One-Bath Units
  • Four Tuck-Under Parking Spaces With Storage
  • One Unit Has Been Extensively Renovated
  • 28 Percent Rental Upside

OVERVIEW

Marcus & Millichap is pleased to present to market 12506 Kornblum Avenue, a fourplex in Hawthorne, California. The property comprises a two-bed/one-and-one-half-bath front house with in-unit laundry and three one-bed/one-bath units in the rear. The units are separately metered for gas and electricity, one unit has been extensively renovated, and the property also offers four tuck-under parking spaces with storage. 12506 Kornblum Avenue is proximate to major employers including the Hawthorne Airport, SpaceX, and conveniently near freeways. Current rents offer a new investor 28 percent rental upside.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

4

PRICE/UNIT

$306,250

CAP RATE

3.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,669 SF

ZONING

HAR3YY

APN/PARCEL ID

4049-004-046

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.