$9,750,000
PENDING

13325 Kornblum Ave Hawthorne, CA 90250

Estimated payment $62,464/month

Total Views 931
10 Beds
2 Baths
35,500 Sq Ft
$275 Price per Sq Ft

Highlights

  • 0.9 Acre Lot
  • Community Pool
  • Carpet
  • No HOA
  • Laundry Room
  • 5-minute walk to Bicentennial Park

About This Home

The Kornblum Apartments is a courtyard style building comprised of 3 separate structures. 48 large one bedroom, one bathroom apartments averaging 720 square feet, plus 1 two bedroom manager's unit. Each unit is separately metered for gas and electric. Huge upside potential in rents. The property will be sold as is. Centrally located south bay location, near schools, shopping, freeways, SpaceX, Sofi Stadium, Intuit Dome, and the new Zella Davis park. Buyer to verify all information. Seller to choose services.

Listing Agent

Steve Simeral

Simmar Real Estate Brokerage Phone: 310-714-2606 License #00776769 Listed on: 06/16/2025

Co-Listing Agent

Nicole Vidjak Simeral

Simmar Real Estate Brokerage Phone: 310-714-2606 License #02059384

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

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

Parking

  • 54 Car Garage
  • 49 Carport Spaces
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 35,500 Sq Ft Home
  • 3-Story Property
  • Gas Range
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 93 / A
  • Tax Tract Number 874
  • Assessor Parcel Number 4050019014
  • $10,867 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 49 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 49 Separate Electric Meters
  • 49 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $3,744
  • Electric Expense $13,412
  • Gardener Expense $4,440
  • Insurance Expense $31,900
  • Maintenance Expense $35,750
  • Pool Expense $4,200
  • Professional Management Expense $21,985
  • Trash Expense $20,503
  • Water Sewer Expense $33,902
  • New Taxes Expense $121,875
  • Operating Expense $304,943
  • Gross Income $732,840
  • Net Operating Income $427,897

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

54

Listing Details

  • CapRate: 4.40
  • Price Per Unit: 198980
  • Professional Management Expense: 21985.00
  • Property Attached: Yes
  • Water Sewer Expenses: 33902.00
  • Zoning: HAR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 4440.00
  • Parcel Number: 4050019014
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Three Or More
  • Price Per Square Foot: 274.65

Exterior Features

  • Pool Expense: 4200.00
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 49.00
  • Garage Spaces: 54.00
  • Parking: Yes
  • Parking Features: Covered, On Site
  • Total Parking Spaces: 103.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 20503.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 39082.00
  • Lot Size Acres: 0.8972

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 720 Square Feet
  • Cable TV Expense: 3744.00
  • Electric Expense: 13412.00
  • Gross Income: 732840.00
  • Gross Operating Income: 732840.00
  • Gross Scheduled Income: 797640.00
  • Insurance Expense: 31900.00
  • Lot Size Area: 39082.0000 Square Feet
  • Maintenance Expense: 35750.00
  • Net Operating Income: 427897.00
  • Number Of Separate Electric Meters: 49
  • Number Of Separate Gas Meters: 49
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 49
  • Number With Range: 49
  • Operating Expense: 304943.00
  • Rent Control: Yes
  • Total Actual Rent: 59170.00
  • Total Expenses: 304943.00
  • Vacancy Allowance: 23929
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 121875.00
  • Tax Block: A
  • Tax Census Tract: 6025.11
  • Tax Lot: 93
  • Tax Tract Number: 874
  • TaxOtherAnnualAssessmentAmount: 10867.00

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 Change Sq Ft Price
06/21/2025 06/21/25 Pending -- -- --
06/16/2025 06/16/25 For Sale $9,750,000 -- $275 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25129225

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

13325 Kornblum Ave, Hawthorne, CA

This home is located at 13325 Kornblum Ave, Hawthorne, CA 90250 and is currently priced at $9,750,000, approximately $274 per square foot. This property was built in 1985. 13325 Kornblum Ave is a home located in Los Angeles County with nearby schools including Zela Davis Elementary School, Bud Carson Middle School, and Leuzinger High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Steve Simeral
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Simmar Real Estate
(310) 361-6312