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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.
Property Type(s):
Residential Income
| Last Updated | 7/29/2025 | Year Built | 1986 |
|---|---|---|---|
| Community | 108 - North Hawthorne | County | Los Angeles |
Additional Details
| AREA | 108 - North Hawthorne |
|---|---|
| LOT | 6669 sq ft |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Mike Marcu, Broker
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