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Sold for $1,600,000
  • Listed by: Mike Marcu, Broker • Mike Marcu • Contact: 949 688 1224
    Bought with: None MRML
    $1,600,000

    12612 Kornblum Ave, Hawthorne, CA 90250

    9beds
    8baths
    5,319sqft
    Multi Family
    Built in 1986
    -- sqft lot
    $1,593,200 Zestimate®
    $301/sqft
    $2,916 Estimated rent

    Home value

    $1,593,200

    $1.45M - $1.75M

    $2,916/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Marcu DRE #00919594 9496881224,

    Mike Marcu, Broker

    Bought with:

    NONE NONE, DRE #N/A

    None MRML

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

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 8
    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: $301/sqft
    • Date on market: 7/29/2025
    • Cumulative days on market: 189 days
    • Listing terms: Cash,Cash to New Loan
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    4/14/2026Sold$1,600,000-8.6%$301/sqft
    Source: CRMLS #OC25170666 Report a problem
    2/3/2026Contingent$1,750,000$329/sqft
    Source: CRMLS #OC25170666 Report a problem
    1/28/2026Price change$1,750,000-7.4%$329/sqft
    Source: CRMLS #OC25170666 Report a problem
    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

    Tax history is unavailable.

    Neighborhood: North Hawthorne

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,593,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,593,200