Under contract

14024 Kornblum Ave

Hawthorne CA, 90250

$2,325,000


$313.38 per sqft

Under contract

16 Beds

8 Baths

7,419 sqft

Multi-family

Built in 1930

8 Single-Story Units on Massive 23,835-SF Lot | Outstanding Opportunity to Add 2 ADUs or Redevelop Property to a 16-Unit Apartment | 8.13% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM | 5.35% Current Cap Rate & 12.74 Current GRM | All 2-Bedroom/1-Bathroom Units | Upgraded Electrical Subpanels Assumable Loan of Approximately $1,039,600 at 3.60% Fixed Until July of 2026 | Located Approximately 1 Mile from SpaceX & Tesla Design Center and 3 Miles from SoFi Stadium & Intuit Dome (NBA Clippers Arena) | Recently Painted Property with New Water-Efficient Landscaping | No Local Rent Control - Defaults to AB 1482 | Ample Outdoor Space & Garage Parking for Tenants | Strong Neighboring Employment: Space X, Tesla, & Aerospace Defense Companies

24-426617

MLS ID

August 12, 2024

Listed

October 2, 2024

Updated

Map

14024 Kornblum Ave
Hawthorne CA, 90250

Interior Features

Total Stories

1


Bedrooms

16


Total Bathrooms

8


Appliances

Other


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.55 Acres

Other Property Details

Area Name

East Hawthorne


Taxes

$29,062


Tax Frequency

Annually


Days on Market

29


Garage

Yes


Garage Spaces

8


Parking

Garage


Parking Total

8


View

No


County

Los Angeles


Pool

No


Zoning

HAR4*

Listing History

Date

Event

Price

9/10/2024

Under contract

Listed by Jonathan Nikfarjam with Shield CRE, Inc.
Listing Contact: 310-880-6807 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Alysia Caldwell | CA DRE# 02167945 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/2024

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