NOT LISTED FOR SALE

13026 Kornblum Ave Hawthorne, CA 90250

3 Beds
3 Baths
9,722 Sq Ft
0.25 Acres

Last Sold June 30, 2017

Last sale price $2,500,000 $257 Per Sq Ft

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Bicentennial Park

About This Home

As of June 2017

The subject property is a 13 unit multi-family property located in the City of Hawthorne at 13026 Kornblum Avenue, approximately 1 block south of El Segundo Blvd and 4 blocks east of Prairie Avenue. The unit mix consists of 12-1BR/1BA (HUGE) and 1-2BR/1.5BA. Total building square footage is 9,722 and sits on a 11,025 sq ft lot. The construction is newer, for South Bay standards, as the property was built in 1984 and is a three story with an attractive layout. There is ample tuck under parking in addition to rear garages and there is also onsite laundry (leased machines.) Additionally, the property is separately metered for gas and electricity and also has separate water heaters. The walkways were resurfaced in 2006, the roof was replaced in 2001, and the plumbing is all copper. There is approximately 25% upside from current rents for a new owner to take advantage of, at stabilized market rents the property can provide a 5% cash on cash return for the new owner.

13026 Kornblum Avenue is located approx 1 mile from Space X, close to the new LA Rams Stadium Hollywood Park Redevelopment and .2 miles from the DMV and Kornblum school.

Last Agent to Sell the Property

Brian Estes

Re/Max Commercial & Investment License #01394559 Listed on: 04/05/2017

Re/Max Commercial & Investment

Last Buyer's Agent

Brian Estes

Re/Max Commercial & Investment License #01394559 Listed on: 04/05/2017

Re/Max Commercial & Investment

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls

Parking

  • 15 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 9,722 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 874
  • Assessor Parcel Number 4050014028

Community Details

Overview

  • No Home Owners Association
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $60,189
  • Gross Income $169,956
  • Net Operating Income $104,707

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Parking

15

Listing Details

  • CapRate: 4.20
  • Price Per Unit: 192308
  • Property Attached: Yes
  • Zoning: HAR3YY
  • Property Type: Residential Income
  • Parcel Number: 4050014028
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 257.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 15.00
  • Total Parking Spaces: 15.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 11025.00

Multi Family

  • Gross Income: 169956.00
  • Gross Multiplier: 14.71
  • Gross Operating Income: 164896.00
  • Gross Scheduled Income: 169956.00
  • Net Operating Income: 104707.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 13
  • Operating Expense: 60189.00
  • Rent Control: No
  • Total Expenses: 60189.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 6025.08
  • Tax Lot: 38
  • Tax Tract Number: 874

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
06/30/2017 06/30/17 Sold $2,500,000 0.0% $257 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
04/05/2017 04/05/17 For Sale $2,500,000 -- $257 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17072269

California Regional Multiple Listing Service (CRMLS)