Property Detail

Description

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.