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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$1,995,000
Est. payment /mo
6,861 SqFt
Pending
12501 Kornblum Avenue Hawthorne, CA 90250
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Pending
Purchase Type For Sale
Square Footage 6,861 sqft
Price per Sqft $290
MLS Listing ID SB-25035540
Year Built 1987
Lot Size 6,752 Sqft
Property Sub-Type Commercial/Residential
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
Area 110 - East Hawthorne
Zoning HAR3YY
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 1.0
Pool None
Community Features Biking
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer