NOT LISTED FOR SALE

12613 Kornblum Ave Hawthorne, CA 90250

5 Beds
4 Baths
14,328 Sq Ft
0.31 Acres

Last Sold November 29, 2019

Last sale price $3,750,000 $262 Per Sq Ft

18 Days on Market

About This Home

As of November 2019

Up for sale is Two 7 units apartment complexes - 12613 and 12617 Kornblum Ave. These buildings are attached and situated on two legal parcels.

10 of the 14 units contain living rooms of which some have a partition privacy wall. The unit mix is 8 One Bedrooms, 4 Two Bedrooms, and 2 Two Bedroom two bath Town House units.

The building was constructed in the mid 1980's and has individual hot water heaters, separately metered for Gas and Electric, and sprinklered for fire protection - all great attributes for keeping operating expenses low.

Plenty of parking with carports, open parking and 2 garages to handle approximately 24 spaces.

Two laundry rooms for each of the 7 units. Currently only one per property in use.

Last Agent to Sell the Property

David Holstein

The Holstein Group License #01210777 Listed on: 09/05/2019

Last Buyer's Agent

David Holstein

The Holstein Group License #01210777 Listed on: 09/05/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.31 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre
  • 4049002049

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • 20 Carport Spaces

Home Design

  • 14,328 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 9681
  • Assessor Parcel Number 4049002048

Community Details

Overview

  • 2 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Building Details

  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,744
  • Fuel Expense $50
  • Gardener Expense $1,000
  • Insurance Expense $4,500
  • Maintenance Expense $12,000
  • Other Expense $3,241
  • Professional Management Expense $4,200
  • Trash Expense $4,911
  • Water Sewer Expense $5,820
  • New Taxes Expense $47,500
  • Operating Expense $86,466
  • Gross Income $248,811
  • Net Operating Income $166,492

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 4200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5820.00
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 4049002048
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 261.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 20.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 24.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Other
  • Trash Expense: 4911.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 4049002049
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13430.00
  • Lot Size Acres: 0.3083

Multi Family

  • Electric Expense: 1744.00
  • Fuel Expense: 50.00
  • Gross Operating Income: 248811.00
  • Gross Scheduled Income: 252600.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 13430.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 166492.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 86456.00
  • Operating Expense Percent: 33.67
  • Other Expense: 3241.00
  • Rent Control: No
  • Total Expenses: 86466.00
  • Vacancy Allowance Rate: 1.50

Tax Info

  • New Taxes Expense: 47500.00
  • Tax Lot: 20
  • Tax Tract Number: 9681

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
11/29/2019 11/29/19 Sold $3,750,000 -6.1% $262 / Sq Ft
09/05/2019 09/05/19 For Sale $3,995,000 -- $279 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Holstein

    Seller's Agent in 2019

    David Holstein

    The Holstein Group

    (310) 891-3339

    11 Total Sales

    David Holstein
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19212679

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

12613 Kornblum Ave, Hawthorne, CA

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