$1,190,000
UNDER CONTRACT $35K PRICE DROP

12506 Kornblum Ave Hawthorne, CA 90250

Estimated payment $7,191/month

Total Views 11,220
3 Beds
3 Baths
2,951 Sq Ft
$403 Price per Sq Ft

About This Home

12506 Kornblum Avenue 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.

Listing Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 02/24/2025

Co-Listing Agent

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,875

Year Built

  • Built in 1941

Lot Details

  • 6,669 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,951 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 2 / 6
  • Tax Tract Number 9681
  • Assessor Parcel Number 4049004046

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,875

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 297500
  • Property Attached: No
  • Zoning: HAR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4049004046
  • Year Built: 1941
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 403.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6669.00
  • Lot Size Acres: 0.1531

Multi Family

  • Lot Size Area: 6669.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 6025.13
  • Tax Lot: 2
  • Tax Tract Number: 9681

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,875 $828,652 $355,136 $473,516
2024 $10,875 $812,405 $348,173 $464,232
2023 $10,486 $796,477 $341,347 $455,130
2022 $10,631 $780,860 $334,654 $446,206
2021 $10,490 $765,550 $328,093 $437,457
2019 $10,129 $742,845 $318,362 $424,483
2018 $9,693 $728,280 $312,120 $416,160
2016 $6,530 $481,603 $265,152 $216,451
2015 $6,385 $474,370 $261,170 $213,200
2014 $6,451 $465,079 $256,055 $209,024
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $1,190,000 -2.9% $403 / Sq Ft
02/24/2025 02/24/25 For Sale $1,225,000 +75.0% $415 / Sq Ft
03/31/2016 03/31/16 Sold $700,000 0.0% $237 / Sq Ft
03/03/2016 03/03/16 Pending -- -- --
02/09/2016 02/09/16 For Sale $700,000 -- $237 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $700,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Grant Deed $445,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $700,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $635,937 Purchase Money Mortgage
Previous Owner $124,455 FHA
Previous Owner $439,087 FHA
Previous Owner $119,000 Stand Alone Second
Previous Owner $490,000 Fannie Mae Freddie Mac
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25040305

California Regional Multiple Listing Service (CRMLS)

APN: 4049-004-046