12506 Kornblum Ave 4 Unit Apartment Building $1,225,000 ($306,250/Unit) 3.66% Cap Rate Hawthorne, CA 90250
INVESTMENT HIGHLIGHTS
- Property Comprises a Two-Bed/One-and-One-Half-Bath House With Laundry and a Triplex With Three One-Bed/ One-Bath Units
- One Unit Has Been Extensively Renovated
- Four Tuck-Under Parking Spaces With Storage
- 28 Percent Rental Upside
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present to market 12506 Kornblum Avenue, a fourplex in Hawthorne, California. The property comprises a two-bed/one-and-one-half-bath front house with in-unit laundry and three one-bed/one-bath units in the rear. 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 28 percent rental upside.
12506 Kornblum Avenue is proximate to major employers including the Hawthorne Airport, SpaceX, and conveniently near freeways.
Current rents offer a new investor 28 percent rental upside.
PROPERTY FACTS
| Price | $1,225,000 |
| Price Per Unit | $306,250 |
| Sale Type | Investment |
| Cap Rate | 3.66% |
| Gross Rent Multiplier | 16.78 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,951 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.36/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1.5 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 4049-004-046 | Improvements Assessment | $464,232 |
| Land Assessment | $348,173 | Total Assessment | $812,405 |
ZONING
| Zoning Code | HAR3YY |
