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
September 13, 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 Christie’s International Real Estate Southern California 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 9/13/2024
