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.
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
Est.:
Multi Family
Built in 1986
-- sqft lot
$1,831,600 Zestimate®
$355/sqft
$-- HOA
What's special
Private deckWasher and dryer hookups
- 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#: OC25170666
Originating MLS: California Regional MLS
Tour with a local agent
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
Estimated market value
$1,831,600
$1.74M - $1.92M
$2,566/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2025 | Listed for sale | $1,890,000-7.8%$355/sqft |
Source: | ||
| 9/14/2025 | Contingent | $2,050,000$385/sqft |
Source: | ||
| 9/5/2025 | Price change | $2,050,000-10.9%$385/sqft |
Source: | ||
| 7/30/2025 | Listed for sale | $2,300,000$432/sqft |
Source: | ||
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
- 3/10Kornblum SchoolGrades: K-5Distance: 0.1 mi
- 6/10Bud Carson Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Leuzinger High SchoolGrades: 9-12Distance: 1.3 mi
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