$1,890,000
$410K PRICE DROP

12612 Kornblum Ave Hawthorne, CA 90250

Estimated payment $11,803/month

Total Views 6,507
4 Beds
3 Baths
5,319 Sq Ft
$355 Price per Sq Ft

About This Home

12612 Kornblum Avenue presents a rare value-add opportunity in the high-demand rental market of Hawthorne, only subject to AB-1482. This 7-unit property features an attractive unit mix with an oversized 1,951 sq. ft. 3/2.5 Townhome-style owner's unit with washer and dryer hookups, and the potential to add ADU units. The current rents remain well below market—positioning the asset for significant income growth. Investment Highlights: • Desirable Unit Mix: One large 3-bed/2.5-bath townhouse-style unit with washer and dryer hookups and a private deck—ideal for repositioning or premium rental. Plus, Six 1-bed/1-bath units. • ADU Potential: Explore the possibility of adding units through ADU conversion of existing space (buyer to verify). • RUBS OPPORTUNITY: There is potential to further enhance yield with the implementation of a RUBS program for water, sewer, and trash. The property is individually metered for gas and electric. • Under-Market Rents: Immediate upside through rent increases upon turnover or via AB 1482 allowable adjustments. • Operational Upside: On-site laundry room is currently non-functioning but can be restored to create a new revenue stream. • Parking Advantage: Dedicated carport parking for all units—a key amenity in the South Bay. • Each unit has its own water heater, minimizing shared utility costs. • Investor-Friendly Rent Control: Subject to AB 1482, allowing for structured annual rent increases (5% + CPI). This is a well-located, underutilized asset with multiple levers for value creation—from strategic unit turns to ADU development and amenity upgrades. Ideal for investors seeking yield in a supply-constrained rental market.

Listing Agent

Mike Marcu

Mike Marcu, Broker Brokerage Phone: 949 688 1224 License #00919594 Listed on: 07/29/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,669 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 5,319 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 9 Parking Spaces
  • 9 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 3 / 11
  • Tax Tract Number 9681
  • Assessor Parcel Number 4049014003
  • $1,912 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $860
  • Insurance Expense $10,020
  • Maintenance Expense $3,850
  • Other Expense $4,506
  • Trash Expense $2,000
  • Water Sewer Expense $4,000
  • New Taxes Expense $26,693
  • Operating Expense $53,104
  • Gross Income $164,997
  • Net Operating Income $111,893

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • CapRate: 5.92
  • Property Attached: Yes
  • Water Sewer Expenses: 4000.00
  • Zoning: HAR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4049014003
  • Year Built: 1986
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 355.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 9.00
  • Parking: No
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 6669.00
  • Lot Size Acres: 0.1531

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 860.00
  • Gross Multiplier: 11.11
  • Gross Operating Income: 164997.00
  • Gross Scheduled Income: 170100.00
  • Insurance Expense: 10020.00
  • Lot Size Area: 6669.0000 Square Feet
  • Maintenance Expense: 3850.00
  • Net Operating Income: 111893.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 53104.00
  • Other Expense: 4506.00
  • Other Expense Description: Misc.
  • Rent Control: No
  • Total Expenses: 53104.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 26693.00
  • Tax Block: 11
  • Tax Census Tract: 6025.13
  • Tax Lot: 3
  • Tax Tract Number: 9681
  • TaxOtherAnnualAssessmentAmount: 1912.00

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

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 Price Changed $1,890,000 -7.8% $355 / Sq Ft
09/05/2025 09/05/25 Price Changed $2,050,000 -10.9% $385 / Sq Ft
07/29/2025 07/29/25 For Sale $2,300,000 -- $432 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25170666

California Regional Multiple Listing Service (CRMLS)