14036 Kornblum Ave - Multi-Family FOR SALE


Hawthorne, CA 90250
$1,095,000 USD
310-480-2130
14036 Kornblum Ave, Hawthorne, CA for Sale
$1,095,000 USD
Multi-Family - FOR SALE
1/9
null | 2.28% Cap Rate

14036 Kornblum Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • Located in the strong South Bay/Hawthorne rental market!
  • Rental upside of approximately 254% +/-!
  • Available for sale for the first time in nearly 30 years.
  • Terrific opportunity for many investment strategies: possible redevelopment, traditional investment, or owner-user!
  • Large 11,779 square foot lot with R4 zoning.

OVERVIEW

14036 Kornblum is the perfect deal for an ambitious developer, investor, or owner-user. This four unit property in Hawthorne sits on a large 11,779 square foot lot with R4 zoning. Just two properties south sits a similar sized lot with the blueprint for what may be possible! As the property is now, it consists of (1) 3 bedroom unit, (1) 2 Bedroom house, and (2) 2 bedroom apartment units. There is a tremendous amount of upside in the property, in terms of rental upside as well as utilizing the land to it's highest and best use. Rents are approximately 254% under market, and an imaginative Buyer may see a creative solution in the unused lot space. The Hawthorne area has always been a traditionally strong rental market, and many companies such as SpaceX and Ring (bought by Amazon) have been steadily increasing their footprint in the area. 14036 Kornblum presents a terrific opportunity for many types of investors: either as a possible re-development, as a live-in investment in the standalone house, or simply capturing the tremendous upside by turning units.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

4

PRICE/UNIT

$273,750

CAP RATE

2.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,779 SF

ZONING

R4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.