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For sale
  • Listing Provided by: 

    Mike Marcu DRE #00919594 9496881224,

    Mike Marcu, Broker

    Price cut: $160K (10/4)
    $1,890,000

    12612 Kornblum Ave, Hawthorne, CA 90250

    18beds
    16baths
    5,319sqft
    : 
    Multi Family
    Built in 1986
    -- sqft lot
    $1,831,600 Zestimate®
    $355/sqft
    $-- HOA

    What's special

    Private deckWasher and dryer hookups
    12612 Kornblum Avenue presents a rare value-add opportunity in the high-demand rental market of Hawthorne, only subject to AB-1482. This 7-unit property features an attractive unit mix with an oversized 1,951 sq. ft. 3/2.5 Townhome-style owner's unit with washer and dryer hookups, and the potential to add ADU units. The current rents remain well below market—positioning the asset for significant income growth. Investment Highlights: • Desirable Unit Mix: One large 3-bed/2.5-bath townhouse-style unit with washer and dryer hookups and a private deck—ideal for repositioning or premium rental. Plus, Six 1-bed/1-bath units. • ADU Potential: Explore the possibility of adding units through ADU conversion of existing space (buyer to verify). • RUBS OPPORTUNITY: There is potential to further enhance yield with the implementation of a RUBS program for water, sewer, and trash. The property is individually metered for gas and electric. • Under-Market Rents: Immediate upside through rent increases upon turnover or via AB 1482 allowable adjustments. • Operational Upside: On-site laundry room is currently non-functioning but can be restored to create a new revenue stream. • Parking Advantage: Dedicated carport parking for all units—a key amenity in the South Bay. • Each unit has its own water heater, minimizing shared utility costs. • Investor-Friendly Rent Control: Subject to AB 1482, allowing for structured annual rent increases (5% + CPI). This is a well-located, underutilized asset with multiple levers for value creation—from strategic unit turns to ADU development and amenity upgrades. Ideal for investors seeking yield in a supply-constrained rental market.
    137 days
    |
    216
    |
    12
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 17, 2025 at 01:29pm

    Listing Provided by:

    Mike Marcu DRE #00919594 9496881224,

    Mike Marcu, Broker

    Source: CRMLS,MLS#: OC25170666MLS LogoOriginating MLS: California Regional MLS

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 18
    • Bathrooms: 16
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,319
    • Total interior livable area: 5,319 sqft

    Property

    Parking
    • Total spaces: 9
    • Parking features: None
    • Carport spaces: 9
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 2
    • Pool features: None
    Lot
    • Size: 6,669 Square Feet
    • Features: 16-20 Units/Acre
    Details
    • Parcel number: 4049014003
    • Zoning: HAR3YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1986

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Urban
    Location
    • Region: Hawthorne

    Financial & listing details

    • Price per square foot: $355/sqft
    • Date on market: 7/29/2025
    • Cumulative days on market: 137 days
    • Listing terms: Cash,Cash to New Loan
    • Tenant pays: Electricity, Gas
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    Estimated market value

    $1,831,600

    $1.74M - $1.92M

    $2,566/mo

    Price history

    Price history
    DateEventPrice
    10/4/2025Listed for sale$1,890,000-7.8%$355/sqft
    Source: CRMLS #OC25170666 Report a problem
    9/14/2025Contingent$2,050,000$385/sqft
    Source: CRMLS #OC25170666 Report a problem
    9/5/2025Price change$2,050,000-10.9%$385/sqft
    Source: CRMLS #OC25170666 Report a problem
    7/30/2025Listed for sale$2,300,000$432/sqft
    Source: CRMLS #OC25170666 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $11,914/mo
    Principal & interest
    $9425
    Property taxes
    $1827
    Home insurance
    $662

      Climate risks

      Neighborhood: North Hawthorne

      Nearby schools

      GreatSchools rating

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