14024 Kornblum Avenue, Hawthorne, CA 90250

About this property

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

Listing description from the October 2024 sale, as reported to CRMLS.

Sale history

$2,335,000

Sold October 2024 · listed $2,325,000, on market August 2024 · MLS #24426617 · Source: CRMLS

Listing Agent: Jonathan Nikfarjam · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Matilda Thomas · Sotheby's International Realty

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