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12501 Kornblum Ave
Off-Market Call for Pricing
Call for Pricing
- 7 Units
- Unknown Sq Ft
- 6,752 Sq Ft
- Unknown Cap Rate
Description
Nestled in a residential pocket of Hawthorne, this large 7-unit apartment property presents an exceptional investment for a seasoned owner or exchange buyer. Offering a strong unit mix, the building features80s construction, (6) 2-bedroom/1-bath units and (1) spacious 3-bedroom/2-bath townhome-style unit. The property boasts 15 total parking spaces, including 1 garage and 12 carport spaces, along with shared laundry facilities. With a 3.94% CAP rate and 14.46 GRM, the building generates strong current income, while a 47% rental upside offers significant long-term potential with a 7.04% market CAP and 9.83 market GRM. Strategically located across the street from SpaceX, the property benefits from a prime location with easy access to major employers, retail, and dining.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,995,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 1 spots |
| Year Built | 1987 |
| Last Sold | June 11, 2025 |
| Sold Price | 1,800,000 |
| APN # | 4049003053 |
| MLS # | SB25035540 |
| Property ID | 293226569 |
| Lot Sqft | 6,752 |
| Zoning | HAR3YY |
| Total Units | 7 |
| Date Updated | June 12, 2025 |
| Date Created | February 17, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Brett Lyon an agent of Lyon Stahl Investment Real Est. Lic #01717818
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 12, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT