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Multifamily

12506 Kornblum Ave.

12506 Kornblum Ave., Hawthorne, CA 90250

Listing Price: $1,190,000

Cap Rate
3.81%
Number of Units
4
GRM
16.30
Price/Unit
$297,500
Price/Gross SF
$403.25
Gross SF
2,951

Investment Overview

Marcus & Millichap is pleased to present to market 12506 Kornblum Avenue, a fourplex in Hawthorne, California. The property comprises a vacant two-bed/one-bed front house with in-unit laundry and a rear triplex with one two-bed/one-bath unit and two one-bed/one-bath units The units are separately metered for gas and electricity, one unit has been extensively renovated, and the property also offers four tuck-under parking spaces with storage.

12506 Kornblum Avenue is proximate to major employers including the Hawthorne Airport, SpaceX, and conveniently near freeways.

Current rents offer a new investor 19 percent rental upside.

Investment Highlights

  • Property Comprises a Vacant Two-Bed/One-Bath House With Laundry and a Triplex With One Two-Bed/One-Bath Unit and Two One-Bed/One-Bath Units
  • Four Tuck-Under Parking Spaces With Storage
  • One Unit Has Been Extensively Renovated
  • 19 Percent Rental Upside
  • Proximate to Major Employers and Freeways

Exclusively Listed By

Multifamily

12506 Kornblum Ave.

Listing Price: $1,190,000

Cap Rate
3.81%
Number of Units
4
GRM
16.30
Price/Unit
$297,500
Price/Gross SF
$403.25
Gross SF
2,951

Investment Highlights

  • Property Comprises a Vacant Two-Bed/One-Bath House With Laundry and a Triplex With One Two-Bed/One-Bath Unit and Two One-Bed/One-Bath Units
  • Four Tuck-Under Parking Spaces With Storage
  • One Unit Has Been Extensively Renovated
  • 19 Percent Rental Upside
  • Proximate to Major Employers and Freeways

Investment Overview

Marcus & Millichap is pleased to present to market 12506 Kornblum Avenue, a fourplex in Hawthorne, California. The property comprises a vacant two-bed/one-bed front house with in-unit laundry and a rear triplex with one two-bed/one-bath unit and two one-bed/one-bath units The units are separately metered for gas and electricity, one unit has been extensively renovated, and the property also offers four tuck-under parking spaces with storage. 12506 Kornblum Avenue is proximate to major employers including the Hawthorne Airport, SpaceX, and conveniently near freeways. Current rents offer a new investor 19 percent rental upside.

Exclusively Listed By

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