NOT LISTED FOR SALE

12533 Kornblum Ave Hawthorne, CA 90250

7 Beds
6 Baths
13,083 Sq Ft
0.35 Acres

Last Sold June 14, 2017

Last sale price $3,275,000 $250 Per Sq Ft

123 Days on Market

About This Home

As of June 2017

Prime investment opportunity located just 3 blocks away from SpaceX headquarters and 3.1 miles from the new $2B NFL Stadium development!!! Perfect upleg for a 1031 exchage! The subject property has an outstanding unit mix of one 4 bed/ 3 bath townhouse style unit, eight 2 bed/ 2 bath units and six 1 bed/ 1 bath units . The spacious units feature ceiling fans, vinyl flooring, and walk-in closets. Additionally, the building has copper plumbing throughout, individual water heaters and is individually metered for gas/electricity. The entire first level of the building serves as a parking garage with 26 parking spaces. There is also an onsite laundry room available for tenant's convenience. With effective management, property has a huge potential upside in rents with over 30%(+/-).

Last Agent to Sell the Property

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 09/22/2016

Keller Williams South Bay

Last Buyer's Agent

Joshua Cohen

Keller Williams South Bay License #01346713 Listed on: 09/22/2016

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.35 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 26 Car Garage

Home Design

  • 13,083 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 8, 9
  • Tax Tract Number 9681
  • Assessor Parcel Number 4049003068

Community Details

Overview

  • 15 Units

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $94,185
  • Gross Income $247,200
  • Net Operating Income $152,571

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

26

Listing Details

  • CapRate: 4.37
  • Property Attached: Yes
  • Zoning: HAR3*
  • Property Type: Residential Income
  • Parcel Number: 4049003068
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 250.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 26.00
  • Total Parking Spaces: 26.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 15074.00

Multi Family

  • Gross Income: 247200.00
  • Gross Multiplier: 14.14
  • Gross Operating Income: 246756.00
  • Gross Scheduled Income: 247200.00
  • Net Operating Income: 152571.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 15
  • Operating Expense: 94185.00
  • Rent Control: No
  • Total Actual Rent: 19133.00
  • Total Expenses: 94185.00

Tax Info

  • Tax Census Tract: 6025.09
  • Tax Lot: 8, 9
  • Tax Tract Number: 9681

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2017 06/14/17 Sold $3,275,000 0.0% $250 / Sq Ft
01/23/2017 01/23/17 Pending -- -- --
01/04/2017 01/04/17 Off Market $3,275,000 -- --
12/23/2016 12/23/16 For Sale $3,495,000 0.0% $267 / Sq Ft
12/14/2016 12/14/16 Pending -- -- --
12/12/2016 12/12/16 For Sale $3,495,000 0.0% $267 / Sq Ft
11/22/2016 11/22/16 Pending -- -- --
11/01/2016 11/01/16 Price Changed $3,495,000 -6.8% $267 / Sq Ft
10/25/2016 10/25/16 For Sale $3,750,000 0.0% $287 / Sq Ft
10/17/2016 10/17/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $3,750,000 +78.6% $287 / Sq Ft
03/31/2015 03/31/15 Sold $2,100,000 +5.3% $161 / Sq Ft View Prior Sale
11/13/2014 11/13/14 Pending -- -- --
11/11/2014 11/11/14 For Sale $1,995,000 -- $152 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joshua Cohen

    Keller Williams South Bay

    Section Image

  • T

    Seller's Agent in 2015

    Thomas Maxim

    Thomas Maxim

    (310) 350-5677

    8 Total Sales

    Thomas Maxim
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16708559

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Hawthorne 90250

12533 Kornblum Ave, Hawthorne, CA

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