12612 Kornblum Ave Hawthorne, CA 90250
Estimated payment $11,803/month
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, 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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: OC25170666
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